Allspring Global Investments Holdings LLC Grows Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Allspring Global Investments Holdings LLC increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 126.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 102,289 shares of the semiconductor manufacturer's stock after acquiring an additional 57,146 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of Skyworks Solutions worth $9,047,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Erste Asset Management GmbH purchased a new position in Skyworks Solutions in the 3rd quarter valued at about $27,000. Golden State Wealth Management LLC purchased a new position in Skyworks Solutions in the 4th quarter valued at about $28,000. Investors Research Corp lifted its stake in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after buying an additional 213 shares in the last quarter. Valley Wealth Managers Inc. purchased a new position in Skyworks Solutions in the 3rd quarter valued at about $40,000. Finally, Quest Partners LLC purchased a new position in Skyworks Solutions in the 3rd quarter valued at about $41,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SWKS shares. Citigroup raised their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research note on Friday, January 10th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Loop Capital started coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They issued a "hold" rating and a $90.00 price target on the stock. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Craig Hallum decreased their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $83.78.

Skyworks Solutions Trading Down 0.2 %

Skyworks Solutions stock traded down $0.11 during trading on Friday, hitting $67.21. The company had a trading volume of 3,160,373 shares, compared to its average volume of 3,372,629. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The company's 50 day simple moving average is $84.96 and its 200-day simple moving average is $92.20.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) 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%. As a group, analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Monday, February 24th. Skyworks Solutions's payout ratio is 85.89%.

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.