Cibc World Markets Corp Increases Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cibc World Markets Corp increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 410.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,804 shares of the semiconductor manufacturer's stock after acquiring an additional 89,096 shares during the period. Cibc World Markets Corp owned about 0.07% of Skyworks Solutions worth $9,826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Erste Asset Management GmbH purchased a new position in shares of Skyworks Solutions during the 3rd quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. acquired a new stake in Skyworks Solutions during the fourth quarter valued at $29,000. Investors Research Corp raised its position in shares of Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock worth $34,000 after acquiring an additional 213 shares during the period. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Skyworks Solutions during the 4th quarter worth about $33,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Trading Down 1.7 %

Skyworks Solutions stock traded down $1.14 during trading on Friday, reaching $67.25. 13,009,177 shares of the company were exchanged, compared to its average volume of 2,566,603. The stock's 50 day simple moving average is $75.68 and its two-hundred day simple moving average is $86.73. The company has a market capitalization of $10.81 billion, a P/E ratio of 20.63, a PEG ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86.

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Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued 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 return on equity of 12.60% and a net margin of 13.02%. On average, equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 annualized dividend and a yield of 4.16%. Skyworks Solutions's payout ratio is 85.89%.

Wall Street Analyst Weigh In

SWKS has been the subject of several recent analyst reports. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Piper Sandler cut their price objective on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Stifel Nicolaus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions has an average rating of "Hold" and a consensus target price of $83.78.

Insider Activity

In other news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.