Utah Retirement Systems maintained its stake in Skyworks Solutions Inc (NASDAQ:SWKS) during the first quarter, Holdings Channel reports. The institutional investor owned 34,681 shares of the semiconductor manufacturer’s stock at the end of the first quarter. Utah Retirement Systems’ holdings in Skyworks Solutions were worth $3,398,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the stock. FMR LLC raised its stake in Skyworks Solutions by 3.7% in the fourth quarter. FMR LLC now owns 5,309,840 shares of the semiconductor manufacturer’s stock valued at $396,433,000 after buying an additional 187,834 shares during the last quarter. Norges Bank acquired a new stake in Skyworks Solutions during the fourth quarter valued at approximately $134,561,000. UBS Asset Management Americas Inc. raised its stake in Skyworks Solutions by 25.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,144,467 shares of the semiconductor manufacturer’s stock valued at $85,447,000 after buying an additional 233,163 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Skyworks Solutions by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 973,532 shares of the semiconductor manufacturer’s stock valued at $72,696,000 after buying an additional 93,760 shares during the last quarter. Finally, APG Asset Management N.V. raised its stake in Skyworks Solutions by 86.7% in the first quarter. APG Asset Management N.V. now owns 958,300 shares of the semiconductor manufacturer’s stock valued at $93,894,000 after buying an additional 444,887 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

Shares of Skyworks Solutions Inc (NASDAQ:SWKS) traded down 1.37% during trading on Tuesday, reaching $102.63. 437,823 shares of the company’s stock traded hands. The stock has a 50-day moving average of $104.31 and a 200-day moving average of $93.77. The company has a market capitalization of $18.94 billion, a price-to-earnings ratio of 21.16 and a beta of 0.77. Skyworks Solutions Inc has a 1-year low of $57.11 and a 1-year high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, April 27th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.03. The business had revenue of $851.70 million during the quarter, compared to the consensus estimate of $840.43 million. Skyworks Solutions had a net margin of 26.41% and a return on equity of 24.21%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. On average, equities analysts predict that Skyworks Solutions Inc will post $6.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 16th were paid a $0.28 dividend. The ex-dividend date was Friday, May 12th. This represents a $1.12 annualized dividend and a dividend yield of 1.08%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 23.05%.

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A number of research analysts have weighed in on SWKS shares. Vetr upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 price objective for the company in a research report on Monday, June 12th. Craig Hallum upped their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Pacific Crest upgraded shares of Skyworks Solutions from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a research report on Tuesday, April 4th. Charter Equity reiterated a “buy” rating on shares of Skyworks Solutions in a research report on Monday, March 20th. Finally, ValuEngine downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $101.33.

In related news, VP Robert John Terry sold 3,233 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $100.26, for a total value of $324,140.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Peter L. Gammel sold 1,500 shares of the company’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $97.92, for a total transaction of $146,880.00. Following the completion of the sale, the insider now directly owns 17,605 shares in the company, valued at $1,723,881.60. The disclosure for this sale can be found here. Insiders sold 94,958 shares of company stock valued at $9,658,971 over the last 90 days. Insiders own 0.49% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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