IFM Investors Pty Ltd Grows Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

IFM Investors Pty Ltd lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,336 shares of the semiconductor manufacturer’s stock after buying an additional 305 shares during the period. IFM Investors Pty Ltd’s holdings in Skyworks Solutions were worth $3,936,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SWKS. AXQ Capital LP purchased a new position in Skyworks Solutions in the 3rd quarter worth approximately $789,000. Highland Capital Management LLC grew its holdings in Skyworks Solutions by 91.4% during the 4th quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock valued at $4,785,000 after purchasing an additional 20,330 shares in the last quarter. LSV Asset Management increased its stake in Skyworks Solutions by 24.2% during the 3rd 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 boosted its position in Skyworks Solutions by 10,450.2% in the 4th quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer’s stock valued at $9,500,000 after buying an additional 83,706 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Skyworks Solutions by 3.1% during 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 acquiring an additional 9,692 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Piper Sandler reiterated a “neutral” rating and issued a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. B. Riley raised their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Susquehanna raised their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Finally, TD Cowen upped their target price on shares of Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. One investment 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. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average target price of $115.10.

Skyworks Solutions Stock Performance

Shares of SWKS traded up $1.35 during midday trading on Friday, hitting $104.30. 1,578,071 shares of the stock traded hands, compared to its average volume of 1,909,419. The business’s 50 day moving average price is $104.07 and its two-hundred day moving average price is $101.78. The firm has a market capitalization of $16.71 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. Skyworks Solutions’s revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.33 EPS. Equities research analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.61%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 48.23%.

Skyworks Solutions Company 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.