Commerzbank Aktiengesellschaft FI Buys 4,588 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 47.5% in the first quarter, Holdings Channel.com reports. The fund owned 14,237 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,588 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Skyworks Solutions were worth $921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SWKS. Norges Bank bought a new position in shares of Skyworks Solutions during the 4th quarter worth about $228,646,000. Marshall Wace LLP increased its position in shares of Skyworks Solutions by 4,364.4% during the 4th quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer’s stock worth $126,072,000 after purchasing an additional 1,389,803 shares in the last quarter. Vulcan Value Partners LLC increased its position in shares of Skyworks Solutions by 29.2% during the 4th quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer’s stock worth $469,162,000 after purchasing an additional 1,194,782 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Skyworks Solutions by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer’s stock worth $1,803,915,000 after purchasing an additional 562,783 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Skyworks Solutions by 21.9% during the 4th quarter. Wellington Management Group LLP now owns 2,765,410 shares of the semiconductor manufacturer’s stock worth $245,237,000 after purchasing an additional 497,575 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SWKS has been the subject of several research reports. UBS Group lowered their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. JPMorgan Chase & Co. reduced their price objective on shares of Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group began coverage on shares of Skyworks Solutions in a research note on Thursday, July 10th. They set a “sell” rating and a $70.00 price objective on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $79.06.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $72.20 on Friday. The firm has a market capitalization of $10.84 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The firm has a fifty day simple moving average of $72.88 and a two-hundred day simple moving average of $71.92. The company has a current ratio of 4.95, a quick ratio of 3.84 and a debt-to-equity ratio of 0.17. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $120.07.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The business had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. During the same quarter in the previous year, the business posted $1.55 EPS. Skyworks Solutions’s quarterly revenue was down 8.9% on a year-over-year basis. Analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.88%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 109.80%.

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.