1,141 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Acquired by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,141 shares of the semiconductor manufacturer’s stock, valued at approximately $74,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ridgewood Investments LLC increased its position in Skyworks Solutions by 27.9% during the 1st quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer’s stock worth $56,000 after purchasing an additional 188 shares in the last quarter. Inspire Advisors LLC increased its position in Skyworks Solutions by 1.3% during the 1st quarter. Inspire Advisors LLC now owns 14,732 shares of the semiconductor manufacturer’s stock worth $952,000 after purchasing an additional 194 shares in the last quarter. Albert D Mason Inc. increased its position in Skyworks Solutions by 1.8% during the 1st quarter. Albert D Mason Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock worth $791,000 after purchasing an additional 215 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Skyworks Solutions by 60.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer’s stock worth $38,000 after purchasing an additional 223 shares in the last quarter. Finally, Simmons Bank increased its position in Skyworks Solutions by 4.5% during the 1st quarter. Simmons Bank now owns 5,807 shares of the semiconductor manufacturer’s stock worth $375,000 after purchasing an additional 250 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Skyworks Solutions from $63.00 to $66.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. UBS Group upped their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. decreased their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group initiated coverage on shares of Skyworks Solutions in a research report on Thursday, July 10th. They issued a “sell” rating and a $70.00 price target for the company. Finally, Mizuho upped their price target on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, July 1st. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $72.87.

Skyworks Solutions Trading Down 1.1%

NASDAQ:SWKS opened at $74.52 on Friday. The firm has a market cap of $11.06 billion, a P/E ratio of 29.81, a P/E/G ratio of 1.69 and a beta of 1.13. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $110.76. The firm’s fifty day moving average is $72.96 and its 200-day moving average is $69.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.09. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $940.00 million. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. Skyworks Solutions’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 earnings per share. Equities analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.71 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, August 26th. Skyworks Solutions’s payout ratio is currently 112.00%.

About Skyworks Solutions

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.