Distillate Capital Partners LLC Raises Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Distillate Capital Partners LLC lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 4.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 175,237 shares of the semiconductor manufacturer's stock after purchasing an additional 8,021 shares during the quarter. Distillate Capital Partners LLC owned about 0.11% of Skyworks Solutions worth $15,540,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SWKS. Golden State Wealth Management LLC acquired a new position in shares of Skyworks Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Skyworks Solutions in the 4th quarter valued at about $29,000. Picton Mahoney Asset Management acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $33,000. Manchester Capital Management LLC raised its holdings in shares of Skyworks Solutions by 325.2% in the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock valued at $49,000 after buying an additional 426 shares during the last quarter. Finally, VSM Wealth Advisory LLC purchased a new stake in Skyworks Solutions during the 4th quarter valued at approximately $56,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The shares were purchased 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 directly owns 10,000 shares in the company, valued at approximately $661,300. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.34% of the company's stock.

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Skyworks Solutions Price Performance

Shares of SWKS traded up $0.92 during trading hours on Tuesday, reaching $58.64. 130,603 shares of the company traded hands, compared to its average volume of 2,797,128. The stock has a market capitalization of $9.20 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. The stock has a fifty day simple moving average of $64.69 and a 200 day simple moving average of $81.67. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 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, research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 4.78%. Skyworks Solutions's dividend payout ratio (DPR) is 85.89%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SWKS. Argus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Rosenblatt Securities reissued a "neutral" rating and issued a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Piper Sandler dropped their price objective on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Finally, Bank of America cut their price objective on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $83.78.

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.