28,289 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 28,289 shares of the semiconductor manufacturer's stock, valued at approximately $2,509,000.

Several other hedge funds have also recently added to or reduced their stakes in SWKS. Resources Management Corp CT ADV increased its stake in shares of Skyworks Solutions by 3.4% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer's stock valued at $427,000 after acquiring an additional 142 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in Skyworks Solutions by 5.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer's stock valued at $267,000 after purchasing an additional 143 shares in the last quarter. Savant Capital LLC increased its stake in Skyworks Solutions by 5.0% during the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock valued at $271,000 after purchasing an additional 144 shares in the last quarter. Private Trust Co. NA increased its stake in Skyworks Solutions by 18.4% during the 3rd quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer's stock valued at $93,000 after purchasing an additional 146 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in Skyworks Solutions by 7.5% during the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock valued at $213,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Remove Ads

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded down $1.14 during midday trading on Friday, reaching $67.25. The stock had a trading volume of 13,009,177 shares, compared to its average volume of 2,566,603. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The firm's 50-day moving average price is $75.68 and its 200 day moving average price is $86.73. The firm has a market capitalization of $10.81 billion, a PE ratio of 20.63, a P/E/G ratio of 1.79 and a beta of 1.18. 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 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, research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Monday, February 24th. Skyworks Solutions's dividend payout ratio is presently 85.89%.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of recent research reports. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. B. Riley lowered shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and decreased their price target for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Stifel Nicolaus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating and decreased their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Morgan Stanley decreased their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group cut their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $83.78.

Insider Activity

In related news, CEO Philip G. Brace purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, for a total transaction 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 filing with the SEC, which is available through this hyperlink. Company 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.