First Horizon Advisors Inc. Acquires 20,132 Shares of Skyworks Solutions, Inc. $SWKS

First Horizon Advisors Inc. raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.3% in the second quarter, HoldingsChannel reports. The firm owned 338,031 shares of the semiconductor manufacturer’s stock after acquiring an additional 20,132 shares during the period. First Horizon Advisors Inc.’s holdings in Skyworks Solutions were worth $25,190,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Skyworks Solutions by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer’s stock worth $1,340,393,000 after acquiring an additional 397,638 shares in the last quarter. Pzena Investment Management LLC grew its stake in Skyworks Solutions by 57.3% during the 2nd 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. Charles Schwab Investment Management Inc. grew its stake in Skyworks Solutions by 8.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer’s stock valued at $355,922,000 after purchasing an additional 408,577 shares during the last quarter. Invesco Ltd. grew its stake in Skyworks Solutions by 31.0% during the 1st 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. Finally, Northern Trust Corp raised its holdings in Skyworks Solutions by 7.8% in the 1st quarter. Northern Trust Corp now owns 2,486,911 shares of the semiconductor manufacturer’s stock worth $160,729,000 after purchasing an additional 179,663 shares during the period. 85.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of research analyst reports. UBS Group raised Skyworks Solutions to a “positive” rating in a report on Wednesday, October 29th. Arete Research upgraded Skyworks Solutions to a “strong-buy” rating in a research report on Thursday, August 14th. Susquehanna upped their price target on Skyworks Solutions from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Cfra set a $90.00 price target on Skyworks Solutions in a research report on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Skyworks Solutions in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $84.12.

Skyworks Solutions Trading Down 5.9%

Shares of Skyworks Solutions stock opened at $71.99 on Wednesday. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 28.80 and a beta of 1.21. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $95.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. The stock has a 50 day moving average of $75.88 and a 200 day moving average of $72.84.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, November 5th. The semiconductor manufacturer reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.23. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.During the same period last year, the business earned $1.55 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research 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 will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be paid a $0.71 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $2.84 dividend on an annualized basis and a yield of 3.9%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 88.75%.

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.