Skyworks Solutions, Inc. (NASDAQ:SWKS) Stake Raised by ProShare Advisors LLC

ProShare Advisors LLC grew its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,601 shares of the semiconductor manufacturer's stock after purchasing an additional 15,095 shares during the quarter. ProShare Advisors LLC owned about 0.09% of Skyworks Solutions worth $12,557,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions during the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at $29,000. Picton Mahoney Asset Management purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at $33,000. Manchester Capital Management LLC boosted its holdings in shares of Skyworks Solutions by 325.2% in the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock valued at $49,000 after acquiring an additional 426 shares during the last quarter. Finally, VSM Wealth Advisory LLC purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at $56,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Trading Up 0.5%

Shares of SWKS stock traded up $0.36 during mid-day trading on Tuesday, reaching $73.28. The company's stock had a trading volume of 2,453,046 shares, compared to its average volume of 2,913,445. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The firm has a market capitalization of $11.00 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The company's 50 day simple moving average is $63.49 and its 200-day simple moving average is $76.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same period in the prior year, the firm earned $1.55 earnings per share. The business's quarterly revenue was down 8.9% compared to the same quarter last year. On average, research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.82%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is presently 109.80%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SWKS shares. UBS Group lowered their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Argus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Barclays upped their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. Finally, B. Riley cut shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $78.29.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is owned by corporate insiders.

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.