MQS Management LLC Takes Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

MQS Management LLC purchased a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,577 shares of the semiconductor manufacturer’s stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SWKS. Wellington Management Group LLP boosted its holdings in shares of Skyworks Solutions by 49.7% in the third quarter. Wellington Management Group LLP now owns 1,962,046 shares of the semiconductor manufacturer’s stock worth $323,307,000 after buying an additional 651,281 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Skyworks Solutions by 23.1% in the fourth quarter. Lazard Asset Management LLC now owns 2,671,151 shares of the semiconductor manufacturer’s stock worth $414,401,000 after buying an additional 501,084 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Skyworks Solutions by 23.2% in the fourth quarter. First Trust Advisors LP now owns 2,037,527 shares of the semiconductor manufacturer’s stock worth $316,102,000 after buying an additional 383,342 shares during the last quarter. Vulcan Value Partners LLC boosted its holdings in shares of Skyworks Solutions by 8.7% in the third quarter. Vulcan Value Partners LLC now owns 4,150,314 shares of the semiconductor manufacturer’s stock worth $683,889,000 after buying an additional 333,007 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Skyworks Solutions by 63.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 700,555 shares of the semiconductor manufacturer’s stock worth $108,684,000 after buying an additional 272,949 shares during the last quarter. 72.09% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on SWKS shares. Citigroup dropped their price objective on shares of Skyworks Solutions from $156.00 to $152.00 and set a “neutral” rating on the stock in a report on Tuesday, March 22nd. UBS Group lowered their price target on shares of Skyworks Solutions from $145.00 to $133.00 in a report on Wednesday, May 4th. Cowen lowered their price target on shares of Skyworks Solutions from $175.00 to $160.00 in a report on Wednesday, May 4th. Wells Fargo & Company lowered their price target on shares of Skyworks Solutions from $195.00 to $160.00 in a report on Wednesday, May 4th. Finally, Morgan Stanley reduced their price objective on shares of Skyworks Solutions from $198.00 to $173.00 and set an “equal weight” rating on the stock in a research report on Friday, February 4th. Fourteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average price target of $171.78.

Shares of SWKS traded up $1.75 during trading hours on Friday, reaching $103.00. 2,667,314 shares of the company traded hands, compared to its average volume of 2,667,007. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 0.80 and a beta of 1.13. Skyworks Solutions, Inc. has a 12-month low of $97.59 and a 12-month high of $197.62. The company has a current ratio of 3.98, a quick ratio of 2.65 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average price is $120.15 and its 200 day moving average price is $139.14.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last issued its earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.06. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Skyworks Solutions had a net margin of 25.98% and a return on equity of 30.60%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.03 earnings per share. On average, research analysts forecast that Skyworks Solutions, Inc. will post 9.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Tuesday, May 24th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Monday, May 23rd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 27.22%.

In related news, CEO Liam Griffin sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $140.00, for a total value of $1,400,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

Skyworks Solutions Profile (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

Further Reading

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

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