Forum Financial Management LP Acquires 371 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Forum Financial Management LP boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.2% during the first quarter, HoldingsChannel.com reports. The fund owned 16,978 shares of the semiconductor manufacturer’s stock after buying an additional 371 shares during the quarter. Forum Financial Management LP’s holdings in Skyworks Solutions were worth $1,097,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Mattson Financial Services LLC purchased a new stake in shares of Skyworks Solutions in the 4th quarter worth about $37,000. MassMutual Private Wealth & Trust FSB increased its position in Skyworks Solutions by 60.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 223 shares during the last quarter. Brown Lisle Cummings Inc. lifted its stake in Skyworks Solutions by 450.7% in the first quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer’s stock worth $50,000 after acquiring an additional 631 shares during the period. VSM Wealth Advisory LLC purchased a new position in shares of Skyworks Solutions in the 4th quarter valued at approximately $56,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Skyworks Solutions by 53.2% during the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock worth $56,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $72.20 on Friday. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. The company’s fifty day moving average is $72.88 and its two-hundred day moving average is $71.92. The stock has a market capitalization of $10.84 billion, a P/E ratio of 28.31, a P/E/G ratio of 1.82 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The firm had revenue of $953.20 million for the quarter, compared to analysts’ expectations of $951.50 million. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period last year, the business posted $1.55 earnings per share. On average, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions’s payout ratio is presently 109.80%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SWKS shares. JPMorgan Chase & Co. dropped their target price on Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Mizuho lifted their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. The Goldman Sachs Group assumed coverage on Skyworks Solutions in a research note on Thursday, July 10th. They set a “sell” rating and a $70.00 target price on the stock. Stifel Nicolaus boosted their target price on Skyworks Solutions from $62.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, May 8th. Finally, UBS Group decreased their price target on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $79.06.

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.