Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Twin Capital Management Inc.

Twin Capital Management Inc. boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 35.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,522 shares of the semiconductor manufacturer’s stock after buying an additional 3,761 shares during the quarter. Twin Capital Management Inc.’s holdings in Skyworks Solutions were worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AXQ Capital LP acquired a new position in Skyworks Solutions during the third quarter worth about $789,000. Highland Capital Management LLC grew its position in Skyworks Solutions by 91.4% during the fourth quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock worth $4,785,000 after buying an additional 20,330 shares during the period. LSV Asset Management grew its position in Skyworks Solutions by 24.2% during the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock worth $171,675,000 after buying an additional 338,820 shares during the period. International Assets Investment Management LLC grew its position in Skyworks Solutions by 10,450.2% during the fourth quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer’s stock worth $9,500,000 after buying an additional 83,706 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Skyworks Solutions by 3.1% in the third quarter. California Public Employees Retirement System now owns 321,152 shares of the semiconductor manufacturer’s stock valued at $31,662,000 after purchasing an additional 9,692 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SWKS has been the topic of several research reports. TD Cowen increased their price target on shares of Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. StockNews.com lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Susquehanna increased their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Finally, B. Riley upped their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $115.10.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $97.62 on Friday. The company’s fifty day simple moving average is $104.63 and its 200-day simple moving average is $101.67. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The company has a market cap of $15.64 billion, a PE ratio of 17.31, a P/E/G ratio of 1.83 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $2.33 EPS. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s payout ratio is 48.23%.

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.