Howe & Rusling Inc. Increases Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Howe & Rusling Inc. increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 39.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,989 shares of the semiconductor manufacturer's stock after purchasing an additional 8,494 shares during the quarter. Howe & Rusling Inc.'s holdings in Skyworks Solutions were worth $3,371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Skyworks Solutions by 0.3% during the third quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer's stock valued at $1,827,170,000 after acquiring an additional 53,389 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Skyworks Solutions by 3.4% during the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer's stock valued at $407,474,000 after acquiring an additional 136,188 shares during the period. Invesco Ltd. raised its holdings in shares of Skyworks Solutions by 11.8% during the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer's stock valued at $299,245,000 after acquiring an additional 321,243 shares during the period. Northern Trust Corp raised its holdings in shares of Skyworks Solutions by 8.3% during the third quarter. Northern Trust Corp now owns 2,091,132 shares of the semiconductor manufacturer's stock valued at $206,165,000 after acquiring an additional 160,178 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Skyworks Solutions by 24.2% during the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer's stock valued at $171,675,000 after acquiring an additional 338,820 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded down $16.29 during mid-day trading on Wednesday, reaching $90.30. 9,093,066 shares of the stock were exchanged, compared to its average volume of 2,390,152. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $104.21 and a 200 day simple moving average of $101.99. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The company's revenue was down 9.6% on a year-over-year basis. On average, sell-side analysts predict that Skyworks Solutions, Inc. will post 5.63 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.01%. Skyworks Solutions's dividend payout ratio is currently 48.23%.

Analyst Ratings Changes

SWKS has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price objective on shares of Skyworks Solutions from $122.00 to $112.00 and set a "buy" rating on the stock in a research report on Wednesday. Benchmark downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday. KeyCorp downgraded shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a research report on Monday, April 8th. StockNews.com downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Friday, March 29th. Finally, Wells Fargo & Company decreased their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $109.05.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.