Frank Rimerman Advisors LLC Acquires 8,478 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Frank Rimerman Advisors LLC increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 134.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,767 shares of the semiconductor manufacturer's stock after acquiring 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 quarter.

Other hedge funds have also added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new stake in Skyworks Solutions in the third quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions during the 4th quarter worth approximately $29,000. Picton Mahoney Asset Management acquired a new position in Skyworks Solutions during the fourth quarter valued at approximately $33,000. Finally, Investors Research Corp grew its holdings in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after purchasing an additional 213 shares during the period. Institutional investors own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SWKS. Mizuho lowered shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. The Goldman Sachs Group dropped their price target on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Bank of America dropped their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a report on Thursday, February 6th. Finally, Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $83.78.

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Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace acquired 10,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was 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 of the company's stock, valued at approximately $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions Stock Performance

Shares of SWKS stock traded up $0.57 on Tuesday, reaching $71.15. The stock had a trading volume of 1,386,845 shares, compared to its average volume of 2,514,142. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 21.82, 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 two-hundred 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 (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%. On average, research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's payout ratio is presently 85.89%.

Skyworks Solutions 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.