Unison Advisors LLC grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,867 shares of the semiconductor manufacturer’s stock after purchasing an additional 231 shares during the period. Unison Advisors LLC’s holdings in Skyworks Solutions were worth $1,331,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of SWKS. Pzena Investment Management LLC lifted its holdings in shares of Skyworks Solutions by 57.3% during the second quarter. Pzena Investment Management LLC now owns 12,207,643 shares of the semiconductor manufacturer’s stock valued at $909,714,000 after purchasing an additional 4,444,747 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Skyworks Solutions by 31.0% during the first quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer’s stock valued at $267,675,000 after purchasing an additional 979,962 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Skyworks Solutions during the second quarter valued at $67,841,000. AQR Capital Management LLC raised its position in Skyworks Solutions by 89.3% during the first quarter. AQR Capital Management LLC now owns 1,197,742 shares of the semiconductor manufacturer’s stock valued at $76,416,000 after buying an additional 565,065 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Skyworks Solutions by 8.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer’s stock valued at $355,922,000 after buying an additional 408,577 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.
Skyworks Solutions Stock Performance
Shares of SWKS stock opened at $75.32 on Monday. 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, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $99.27. The stock’s 50-day moving average is $75.43 and its two-hundred day moving average is $70.95. The firm has a market cap of $11.18 billion, a P/E ratio of 30.13 and a beta of 1.20.
Skyworks Solutions Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, August 26th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.70. Skyworks Solutions’s payout ratio is currently 113.60%.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Citigroup upped their price target on Skyworks Solutions from $63.00 to $66.00 and gave the company a “sell” rating in a research report on Wednesday, August 6th. Arete Research raised Skyworks Solutions to a “strong-buy” rating in a research report on Thursday, August 14th. Mizuho upped their price target on Skyworks Solutions from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, July 1st. UBS Group upped their price target on Skyworks Solutions from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Finally, Loop Capital upped their price target on Skyworks Solutions from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Reduce” and an average price target of $71.87.
Get Our Latest Stock Analysis on Skyworks Solutions
Skyworks Solutions 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.
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