First Horizon Advisors Inc. Raises Stock Position in Skyworks Solutions, Inc. $SWKS

First Horizon Advisors Inc. boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,031 shares of the semiconductor manufacturer’s stock after acquiring an additional 20,132 shares during the period. First Horizon Advisors Inc. owned 0.23% of Skyworks Solutions worth $25,190,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SWKS. Park Place Capital Corp boosted its position in shares of Skyworks Solutions by 62.1% during the 2nd quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 141 shares during the last quarter. Horizon Investments LLC boosted its position in shares of Skyworks Solutions by 2.8% during the 1st quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer’s stock valued at $349,000 after acquiring an additional 146 shares during the last quarter. Keeley Teton Advisors LLC boosted its position in shares of Skyworks Solutions by 1.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 16,958 shares of the semiconductor manufacturer’s stock valued at $1,096,000 after acquiring an additional 178 shares during the last quarter. Ridgewood Investments LLC boosted its position in shares of Skyworks Solutions by 27.9% during the 1st quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer’s stock valued at $56,000 after acquiring an additional 188 shares during the last quarter. Finally, Inspire Advisors LLC boosted its position in shares of Skyworks Solutions by 1.3% during the 1st quarter. Inspire Advisors LLC now owns 14,732 shares of the semiconductor manufacturer’s stock valued at $952,000 after acquiring an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the topic of a number of research reports. Morgan Stanley raised their price objective on Skyworks Solutions from $65.00 to $89.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. UBS Group raised shares of Skyworks Solutions to a “positive” rating in a research note on Wednesday, October 29th. Cfra Research raised shares of Skyworks Solutions from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Cfra set a $90.00 price target on shares of Skyworks Solutions in a research note on Tuesday, October 28th. Finally, Barclays raised shares of Skyworks Solutions from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $58.00 to $88.00 in a research note on Wednesday, October 29th. One 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 issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $84.12.

Skyworks Solutions Trading Down 5.9%

NASDAQ SWKS opened at $71.99 on Wednesday. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average is $75.88 and its 200 day moving average is $72.84. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $95.46. The firm has a market capitalization of $10.69 billion, a PE ratio of 28.80 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, November 5th. The semiconductor manufacturer reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.23. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. Research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, November 18th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 88.75%.

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.