Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Position Raised by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.6% during the first quarter, HoldingsChannel.com reports. The fund owned 32,603 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,564 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Skyworks Solutions were worth $3,532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SWKS. ST Germain D J Co. Inc. lifted its position in Skyworks Solutions by 60.5% in the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock valued at $37,000 after purchasing an additional 130 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Skyworks Solutions by 790.0% during the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 316 shares during the last quarter. Vestor Capital LLC acquired a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $43,000. West Branch Capital LLC boosted its position in shares of Skyworks Solutions by 8,000.0% during the fourth quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock worth $46,000 after buying an additional 400 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in Skyworks Solutions by 47.9% in the 4th quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock worth $47,000 after buying an additional 136 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Down 1.0 %

NASDAQ SWKS traded down $1.12 during trading on Wednesday, reaching $105.84. 290,380 shares of the company’s stock were exchanged, compared to its average volume of 2,407,296. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The company’s fifty day simple moving average is $97.67 and its 200-day simple moving average is $102.62. The firm has a market capitalization of $16.98 billion, a PE ratio of 20.11, a P/E/G ratio of 5.07 and a beta of 1.23.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, topping the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Sell-side analysts predict that Skyworks Solutions, Inc. will post 5.14 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.57%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Benchmark lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Wolfe Research lowered shares of Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research report on Thursday, May 9th. UBS Group dropped their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Citigroup decreased their price objective on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a report on Thursday, May 2nd. Finally, Stifel Nicolaus dropped their target price on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $107.19.

Insider Activity

In related news, CEO Liam Griffin bought 11,142 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the acquisition, the chief executive officer now owns 104,153 shares in the company, valued at $9,373,770. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Liam Griffin bought 11,142 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the acquisition, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the sale, the director now owns 60,881 shares of the company’s stock, valued at $5,495,727.87. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

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.