Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 50.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,647 shares of the semiconductor manufacturer’s stock after purchasing an additional 14,309 shares during the quarter. Cerity Partners LLC’s holdings in Skyworks Solutions were worth $2,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SWKS. Vanguard Group Inc. boosted its stake in Skyworks Solutions by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer’s stock valued at $1,803,915,000 after purchasing an additional 562,783 shares during the period. Vulcan Value Partners LLC raised its holdings in shares of Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer’s stock valued at $469,162,000 after buying an additional 1,194,782 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Skyworks Solutions by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer’s stock worth $372,727,000 after buying an additional 63,216 shares during the period. FIL Ltd grew its holdings in Skyworks Solutions by 0.3% in the 4th quarter. FIL Ltd now owns 3,502,951 shares of the semiconductor manufacturer’s stock worth $310,642,000 after buying an additional 10,664 shares in the last quarter. Finally, Invesco Ltd. increased its position in Skyworks Solutions by 17.1% in the 4th quarter. Invesco Ltd. now owns 3,161,697 shares of the semiconductor manufacturer’s stock valued at $280,379,000 after acquiring an additional 462,264 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 0.8%

NASDAQ:SWKS opened at $72.76 on Friday. The stock has a fifty day simple moving average of $72.97 and a 200 day simple moving average of $71.81. The firm has a market capitalization of $10.92 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 1.81 and a beta of 1.17. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.07. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The company had revenue of $953.20 million during the quarter, compared to analysts’ expectations of $951.50 million. During the same period last year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 109.80%.

Analyst Ratings Changes

SWKS has been the subject of a number of analyst reports. UBS Group reduced their price target on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, May 8th. The Goldman Sachs Group started coverage on shares of Skyworks Solutions in a research note on Thursday, July 10th. They set a “sell” rating and a $70.00 target price on the stock. Stifel Nicolaus boosted their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, May 8th. Finally, Mizuho increased their price objective on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $79.06.

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.