South Dakota Investment Council Buys 1,425 Shares of Skyworks Solutions, Inc. $SWKS

South Dakota Investment Council raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,213 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,425 shares during the quarter. South Dakota Investment Council’s holdings in Skyworks Solutions were worth $1,506,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Park Place Capital Corp grew its stake in shares of Skyworks Solutions by 62.1% in the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 141 shares in the last quarter. CVA Family Office LLC grew its stake in shares of Skyworks Solutions by 424.1% in the second quarter. CVA Family Office LLC now owns 566 shares of the semiconductor manufacturer’s stock valued at $42,000 after buying an additional 458 shares in the last quarter. Spire Wealth Management grew its stake in shares of Skyworks Solutions by 61.9% in the second quarter. Spire Wealth Management now owns 612 shares of the semiconductor manufacturer’s stock valued at $46,000 after buying an additional 234 shares in the last quarter. Costello Asset Management INC grew its stake in shares of Skyworks Solutions by 61.1% in the first quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer’s stock valued at $51,000 after buying an additional 300 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Skyworks Solutions in the first quarter valued at $52,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Performance

SWKS opened at $76.54 on Tuesday. The business has a fifty day simple moving average of $75.95 and a 200 day simple moving average of $72.73. The company has a market capitalization of $11.36 billion, a PE ratio of 30.62 and a beta of 1.20. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $95.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.39 and a quick ratio of 1.80.

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

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 18th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.7%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 88.75%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SWKS shares. Cfra Research raised shares of Skyworks Solutions from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Cfra set a $90.00 target price on Skyworks Solutions in a research note on Tuesday, October 28th. Wall Street Zen upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Morgan Stanley lifted their target price on Skyworks Solutions from $65.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Barclays upgraded Skyworks Solutions from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $58.00 to $88.00 in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $84.12.

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.