Strategic Financial Concepts LLC bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,261 shares of the semiconductor manufacturer's stock, valued at approximately $1,708,000.
Several other hedge funds have also made changes to their positions in SWKS. Brookstone Capital Management bought a new stake in shares of Skyworks Solutions in the 3rd quarter worth approximately $231,000. CWM LLC lifted its holdings in shares of Skyworks Solutions by 20.2% in the 3rd quarter. CWM LLC now owns 8,195 shares of the semiconductor manufacturer's stock worth $809,000 after purchasing an additional 1,375 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Skyworks Solutions by 8.7% in the 3rd quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer's stock worth $141,000 after purchasing an additional 115 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Skyworks Solutions in the 3rd quarter worth approximately $69,000. Finally, Simplicity Wealth LLC lifted its holdings in shares of Skyworks Solutions by 3.8% in the 3rd quarter. Simplicity Wealth LLC now owns 5,514 shares of the semiconductor manufacturer's stock worth $545,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 85.43% of the company's stock.
Skyworks Solutions Price Performance
Shares of NASDAQ SWKS traded down $0.25 during mid-day trading on Friday, reaching $65.93. The company had a trading volume of 2,967,487 shares, compared to its average volume of 3,427,549. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The stock has a market cap of $10.60 billion, a PE ratio of 20.22, a P/E/G ratio of 1.45 and a beta of 1.14. The company has a 50-day moving average price of $86.73 and a two-hundred day moving average price of $93.42. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.
Skyworks Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.25%. Skyworks Solutions's dividend payout ratio is 85.89%.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Morgan Stanley cut their target price on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Stifel Nicolaus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating and cut their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Susquehanna cut their target price on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $83.78.
Check Out Our Latest Stock Analysis on SWKS
About Skyworks Solutions
(
Free Report)
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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