Zurcher Kantonalbank Zurich Cantonalbank Acquires 107,006 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 124.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,265 shares of the semiconductor manufacturer’s stock after purchasing an additional 107,006 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.12% of Skyworks Solutions worth $12,491,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SWKS. Mattson Financial Services LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $37,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Skyworks Solutions by 60.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 223 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Skyworks Solutions by 53.2% during the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock worth $56,000 after acquiring an additional 218 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $66,000. Finally, Brown Lisle Cummings Inc. boosted its position in shares of Skyworks Solutions by 450.7% during the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer’s stock worth $50,000 after acquiring an additional 631 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on SWKS. Stifel Nicolaus increased their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, May 8th. Susquehanna increased their price target on shares of Skyworks Solutions from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Mizuho raised their target price on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, July 1st. Finally, Barclays raised their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Thursday, May 8th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $78.18.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $71.94 on Wednesday. The firm has a market cap of $10.80 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 1.79 and a beta of 1.17. The firm’s fifty day moving average is $72.90 and its 200-day moving average is $70.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.07.

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

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.89%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 109.80%.

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.