Philip James Wealth Mangement LLC Makes New Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Philip James Wealth Mangement LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,698 shares of the semiconductor manufacturer's stock, valued at approximately $505,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning boosted its stake in Skyworks Solutions by 2.4% during the 3rd quarter. Creative Planning now owns 148,142 shares of the semiconductor manufacturer's stock worth $14,632,000 after purchasing an additional 3,540 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Skyworks Solutions by 6.2% during the third quarter. Vontobel Holding Ltd. now owns 15,862 shares of the semiconductor manufacturer's stock worth $1,567,000 after buying an additional 922 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Skyworks Solutions by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,636 shares of the semiconductor manufacturer's stock worth $1,643,000 after buying an additional 186 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Skyworks Solutions by 10.3% during the third quarter. V Square Quantitative Management LLC now owns 2,948 shares of the semiconductor manufacturer's stock worth $291,000 after buying an additional 276 shares during the period. Finally, Claro Advisors LLC boosted its stake in shares of Skyworks Solutions by 4.7% during the third quarter. Claro Advisors LLC now owns 3,105 shares of the semiconductor manufacturer's stock worth $307,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Trading Down 0.4 %

Shares of NASDAQ SWKS traded down $0.30 during midday trading on Thursday, hitting $67.32. The stock had a trading volume of 2,269,149 shares, compared to its average volume of 3,382,117. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The company has a fifty day moving average price of $85.41 and a 200 day moving average price of $92.37. The company has a market capitalization of $10.82 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.78 and a beta of 1.14. 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 issued its quarterly earnings data 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, analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.16%. Skyworks Solutions's dividend payout ratio (DPR) is presently 85.89%.

Analyst Ratings Changes

A number of analysts have weighed in on SWKS shares. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Piper Sandler decreased their price target on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Stifel Nicolaus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating and decreased their price target for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Argus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, B. Riley cut Skyworks Solutions from a "buy" rating to a "neutral" rating and reduced their price target for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $83.78.

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.