Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by City Center Advisors LLC

City Center Advisors LLC boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 35.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,823 shares of the semiconductor manufacturer’s stock after buying an additional 1,000 shares during the quarter. City Center Advisors LLC’s holdings in Skyworks Solutions were worth $247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. increased its stake in Skyworks Solutions by 73.2% during the first quarter. UMB Bank n.a. now owns 2,027 shares of the semiconductor manufacturer’s stock worth $131,000 after acquiring an additional 857 shares during the last quarter. Curat Global LLC acquired a new stake in shares of Skyworks Solutions in the first quarter valued at $276,000. Vest Financial LLC grew its stake in shares of Skyworks Solutions by 153.7% in the first quarter. Vest Financial LLC now owns 8,080 shares of the semiconductor manufacturer’s stock valued at $522,000 after buying an additional 4,895 shares in the last quarter. Matrix Trust Co grew its stake in shares of Skyworks Solutions by 84.5% in the first quarter. Matrix Trust Co now owns 5,733 shares of the semiconductor manufacturer’s stock valued at $371,000 after buying an additional 2,625 shares in the last quarter. Finally, CGN Advisors LLC grew its stake in shares of Skyworks Solutions by 25.9% in the first quarter. CGN Advisors LLC now owns 32,099 shares of the semiconductor manufacturer’s stock valued at $2,075,000 after buying an additional 6,607 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the company an “underweight” rating in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Stifel Nicolaus lifted their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. dropped their price objective on Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Finally, Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $78.29.

Skyworks Solutions Trading Up 1.1%

NASDAQ:SWKS opened at $71.59 on Friday. The firm has a market cap of $10.75 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The stock has a fifty day moving average price of $64.26 and a 200 day moving average price of $74.68. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Skyworks Solutions’s revenue was down 8.9% compared to the same quarter last year. During the same period last year, the business posted $1.55 earnings per share. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.91%. Skyworks Solutions’s dividend payout ratio is currently 109.80%.

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.