Raymond James Financial Inc. Buys Shares of 89,612 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Raymond James Financial Inc. bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 89,612 shares of the semiconductor manufacturer's stock, valued at approximately $7,947,000. Raymond James Financial Inc. owned 0.06% of Skyworks Solutions as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stephens Inc. AR boosted its position in Skyworks Solutions by 9.5% during the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock worth $380,000 after acquiring an additional 372 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Skyworks Solutions by 126.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock valued at $9,047,000 after acquiring an additional 57,146 shares during the last quarter. Barclays PLC raised its holdings in Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after acquiring an additional 949,407 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer's stock worth $3,615,000 after purchasing an additional 6,151 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in shares of Skyworks Solutions in the 3rd quarter valued at approximately $1,570,000. Institutional investors and hedge funds own 85.43% of the company's stock.

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Analysts Set New Price Targets

Several research firms have recently weighed in on SWKS. Piper Sandler lowered their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a research note on Thursday, February 6th. Rosenblatt Securities reissued a "neutral" rating and set a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Morgan Stanley cut their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Argus cut Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Barclays decreased their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating on the stock in a research note on Friday, January 17th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions currently has an average rating of "Hold" and a consensus target price of $83.78.

Skyworks Solutions Trading Down 0.9 %

SWKS stock traded down $0.64 during midday trading on Tuesday, hitting $68.39. The stock had a trading volume of 183,676 shares, compared to its average volume of 2,572,997. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The firm has a market cap of $10.99 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The business has a fifty day moving average price of $75.26 and a two-hundred day moving average price of $86.28. 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 (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.09%. Skyworks Solutions's dividend payout ratio is presently 85.89%.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company's stock, valued at $661,300. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.34% of the company's stock.

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.