EntryPoint Capital LLC Purchases 3,920 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

EntryPoint Capital LLC increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 115.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,326 shares of the semiconductor manufacturer's stock after buying an additional 3,920 shares during the quarter. EntryPoint Capital LLC's holdings in Skyworks Solutions were worth $650,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Erste Asset Management GmbH bought a new stake in Skyworks Solutions in the third quarter worth about $27,000. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $29,000. Picton Mahoney Asset Management acquired a new stake in Skyworks Solutions during the fourth quarter valued at approximately $33,000. Finally, Quest Partners LLC bought a new stake in Skyworks Solutions during the third quarter worth approximately $41,000. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Down 3.0 %

Shares of NASDAQ SWKS traded down $2.01 during trading hours on Friday, hitting $64.29. The stock had a trading volume of 749,102 shares, compared to its average volume of 2,641,880. The company has a market capitalization of $10.33 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.79 and a beta of 1.18. The firm's 50-day moving average price is $73.79 and its two-hundred day moving average price is $85.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. 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 released 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%. Analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid 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 yield of 4.36%. Skyworks Solutions's payout ratio is presently 85.89%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SWKS. Morgan Stanley cut their price objective on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating and reduced their target price for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Argus cut Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group dropped their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of "Hold" and an average target price of $83.78.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company's stock, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.34% of the company's stock.

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.