Plato Investment Management Ltd Has $197,000 Stock Holdings in Skyworks Solutions, Inc. $SWKS

Plato Investment Management Ltd raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1,175.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,652 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,444 shares during the period. Plato Investment Management Ltd’s holdings in Skyworks Solutions were worth $197,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Skyworks Solutions by 6.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,420 shares of the semiconductor manufacturer’s stock worth $867,000 after buying an additional 829 shares in the last quarter. Amalgamated Bank grew its position in shares of Skyworks Solutions by 1.5% during the 1st quarter. Amalgamated Bank now owns 31,496 shares of the semiconductor manufacturer’s stock worth $2,036,000 after buying an additional 458 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Skyworks Solutions during the 1st quarter worth about $1,511,000. Mutual Advisors LLC grew its position in shares of Skyworks Solutions by 26.2% in the 1st quarter. Mutual Advisors LLC now owns 4,967 shares of the semiconductor manufacturer’s stock valued at $306,000 after purchasing an additional 1,032 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Skyworks Solutions by 9.1% during the first quarter. Principal Financial Group Inc. now owns 203,496 shares of the semiconductor manufacturer’s stock worth $13,152,000 after buying an additional 16,965 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $76.54 on Tuesday. 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 has a market cap of $11.36 billion, a price-to-earnings ratio of 30.62 and a beta of 1.20. The business’s fifty day moving average is $75.95 and its 200 day moving average is $72.73. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $95.46.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The firm had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $940.00 million. During the same period in the prior year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 18th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Skyworks Solutions’s payout ratio is presently 88.75%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Mizuho downgraded Skyworks Solutions from a “neutral” rating to an “underperform” rating and set a $60.00 price objective for the company. in a research note on Monday, October 20th. Citigroup raised Skyworks Solutions from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $66.00 to $105.00 in a research report on Wednesday, October 29th. Barclays raised Skyworks Solutions from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $58.00 to $88.00 in a research report on Wednesday, October 29th. Finally, UBS Group raised Skyworks Solutions to a “positive” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $84.12.

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.