Teacher Retirement System of Texas grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 48.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,821 shares of the semiconductor manufacturer’s stock after purchasing an additional 11,443 shares during the quarter. Teacher Retirement System of Texas’ holdings in Skyworks Solutions were worth $2,595,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Park Place Capital Corp lifted its position in Skyworks Solutions by 62.1% during the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 141 shares during the last quarter. Horizon Investments LLC raised its stake in shares of Skyworks Solutions by 2.8% during the first quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer’s stock worth $349,000 after acquiring an additional 146 shares in the last quarter. Keeley Teton Advisors LLC raised its stake in shares of Skyworks Solutions by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 16,958 shares of the semiconductor manufacturer’s stock worth $1,096,000 after acquiring an additional 178 shares in the last quarter. Ridgewood Investments LLC raised its stake in shares of Skyworks Solutions by 27.9% during the first quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer’s stock worth $56,000 after acquiring an additional 188 shares in the last quarter. Finally, Inspire Advisors LLC raised its stake in shares of Skyworks Solutions by 1.3% during the first quarter. Inspire Advisors LLC now owns 14,732 shares of the semiconductor manufacturer’s stock worth $952,000 after acquiring an additional 194 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.
Skyworks Solutions Trading Down 1.8%
Skyworks Solutions stock opened at $77.72 on Monday. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $95.46. The company has a current ratio of 2.39, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 31.09 and a beta of 1.20. The firm has a 50 day moving average of $75.96 and a 200 day moving average of $72.58.
Skyworks Solutions Dividend Announcement
The company also recently announced 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 is Tuesday, November 18th. Skyworks Solutions’s dividend payout ratio is currently 88.75%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, October 29th. Susquehanna boosted their target price on shares of Skyworks Solutions from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Citigroup upgraded shares of Skyworks Solutions from a “sell” rating to a “neutral” rating and upped their price target for the stock from $66.00 to $105.00 in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Skyworks Solutions in a research report on Wednesday, October 8th. Finally, KeyCorp set a $105.00 price target on shares of Skyworks Solutions and gave the company an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $84.12.
View Our Latest Research Report on Skyworks Solutions
About Skyworks Solutions
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.
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