Strategic Financial Concepts LLC Makes New $1.71 Million Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Strategic Financial Concepts LLC acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,261 shares of the semiconductor manufacturer's stock, valued at approximately $1,708,000.

Other large investors have also made changes to their positions in the company. Forsta AP Fonden boosted its holdings in shares of Skyworks Solutions by 27.0% in the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock valued at $3,674,000 after acquiring an additional 7,900 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Skyworks Solutions by 9.5% in the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock valued at $380,000 after acquiring an additional 372 shares during the last quarter. Versor Investments LP boosted its holdings in shares of Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock valued at $1,966,000 after acquiring an additional 10,658 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Skyworks Solutions by 25.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock valued at $152,915,000 after acquiring an additional 325,672 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Skyworks Solutions by 126.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock valued at $9,047,000 after acquiring an additional 57,146 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS traded down $0.11 during mid-day trading on Friday, reaching $67.21. The company's stock had a trading volume of 3,160,379 shares, compared to its average volume of 3,375,596. The stock has a 50-day moving average of $84.49 and a two-hundred day moving average of $91.97. The stock has a market capitalization of $10.80 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.79 and a beta of 1.14. 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 1-year low of $62.01 and a 1-year high of $120.86.

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%. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions's dividend payout ratio is currently 85.89%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SWKS shares. Argus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Loop Capital started coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They issued a "hold" rating and a $90.00 target price for the company. B. Riley cut shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and decreased their target price for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group decreased their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.