Frank Rimerman Advisors LLC Raises Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Frank Rimerman Advisors LLC lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 134.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,767 shares of the semiconductor manufacturer's stock after purchasing an additional 8,478 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Skyworks Solutions were worth $1,310,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC boosted its holdings in Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock valued at $499,273,000 after purchasing an additional 1,536,289 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Skyworks Solutions by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer's stock valued at $452,135,000 after buying an additional 267,343 shares during the period. Geode Capital Management LLC lifted its holdings in Skyworks Solutions by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer's stock valued at $408,410,000 after acquiring an additional 28,009 shares during the last quarter. FMR LLC grew its position in Skyworks Solutions by 7.3% in the third quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer's stock worth $265,853,000 after acquiring an additional 182,130 shares during the period. Finally, Wellington Management Group LLP increased its stake in Skyworks Solutions by 52.0% during the third quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer's stock worth $223,994,000 after acquiring an additional 775,470 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SWKS. Morgan Stanley lowered their price target on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Piper Sandler decreased their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Finally, Argus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Three investment 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 an average rating of "Hold" and an average price target of $83.78.

Insiders Place Their Bets

In related news, CEO Philip G. Brace purchased 10,000 shares of the business's stock in a transaction that occurred on 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 purchase, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Stock Up 1.7 %

Shares of Skyworks Solutions stock traded up $1.18 during trading on Monday, hitting $70.58. 2,727,242 shares of the stock were exchanged, compared to its average volume of 2,507,580. 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's 50-day moving average price is $77.51 and its 200 day moving average price is $87.54. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86.

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

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued 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 3.97%. Skyworks Solutions's payout ratio is currently 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.