IFM Investors Pty Ltd Purchases 305 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

IFM Investors Pty Ltd increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.8% during the first quarter, HoldingsChannel.com reports. The firm owned 36,336 shares of the semiconductor manufacturer’s stock after buying an additional 305 shares during the period. IFM Investors Pty Ltd’s holdings in Skyworks Solutions were worth $3,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of SWKS. Global Wealth Management Investment Advisory Inc. boosted its holdings in Skyworks Solutions by 98.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 155 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in Skyworks Solutions in the 3rd quarter valued at $34,000. ST Germain D J Co. Inc. grew its position in Skyworks Solutions by 60.5% in the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock valued at $37,000 after acquiring an additional 130 shares during the period. AdvisorNet Financial Inc grew its position in Skyworks Solutions by 790.0% in the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after acquiring an additional 316 shares during the period. Finally, Vestor Capital LLC acquired a new position in Skyworks Solutions during the fourth quarter worth $43,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 1.3 %

SWKS stock traded up $1.35 during midday trading on Friday, reaching $104.30. The stock had a trading volume of 1,578,071 shares, compared to its average volume of 1,909,419. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.91 and a beta of 1.37. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $104.07 and a two-hundred day simple moving average of $101.78.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. Skyworks Solutions’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.33 EPS. As a group, research analysts expect that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 48.23%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SWKS. StockNews.com lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. B. Riley boosted their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Susquehanna raised their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Piper Sandler reissued a “neutral” rating and issued a $90.00 target price on shares of Skyworks Solutions in a report on Thursday, January 4th. Finally, TD Cowen increased their price target on Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $115.10.

Skyworks Solutions Company 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.