Nicholas Company Inc. Raises Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Nicholas Company Inc. increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 30.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 675,076 shares of the semiconductor manufacturer's stock after buying an additional 157,255 shares during the quarter. Nicholas Company Inc. owned about 0.42% of Skyworks Solutions worth $59,866,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SWKS. Erste Asset Management GmbH bought a new position in Skyworks Solutions in the third quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions during the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions during the 4th quarter worth approximately $29,000. Picton Mahoney Asset Management purchased a new position in Skyworks Solutions during the fourth quarter valued at approximately $33,000. Finally, Investors Research Corp boosted 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 purchasing an additional 213 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SWKS has been the topic of a number of analyst reports. Piper Sandler lowered their target price 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. Stifel Nicolaus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating and decreased their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Barclays reduced 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 report on Friday, January 17th. Bank of America dropped their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Skyworks Solutions presently has an average rating of "Hold" and a consensus target price of $83.78.

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Insider Buying and Selling

In other news, CEO Philip G. Brace acquired 10,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company's stock, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded up $1.18 during midday trading on Monday, hitting $70.58. The company's stock had a trading volume of 2,727,242 shares, compared to its average volume of 2,507,580. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a market cap of $11.35 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.79 and a beta of 1.18. The firm's 50 day moving average is $77.51 and its 200-day moving average is $87.54.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data 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 return on equity of 12.60% and a net margin of 13.02%. Equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a $0.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.97%. Skyworks Solutions's payout ratio is 85.89%.

About Skyworks Solutions

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.