Summit Global Investments Invests $967,000 in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Summit Global Investments purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,906 shares of the semiconductor manufacturer's stock, valued at approximately $967,000.

A number of other large investors have also bought and sold shares of SWKS. Resources Management Corp CT ADV grew 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 buying an additional 142 shares during the period. Resonant Capital Advisors LLC boosted its holdings in Skyworks Solutions by 5.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer's stock worth $267,000 after acquiring an additional 143 shares in the last quarter. Savant Capital LLC grew its stake in Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock valued at $271,000 after acquiring an additional 144 shares during the period. Private Trust Co. NA increased its holdings in shares of Skyworks Solutions by 18.4% during the third quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer's stock valued at $93,000 after acquiring an additional 146 shares in the last quarter. Finally, Principal Securities Inc. raised its position in shares of Skyworks Solutions by 7.5% during the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock worth $213,000 after purchasing an additional 167 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

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Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded down $0.29 during trading on Tuesday, hitting $68.73. The stock had a trading volume of 766,107 shares, compared to its average volume of 2,572,997. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 1.79 and a beta of 1.18. The business's 50-day moving average is $75.26 and its 200 day moving average is $86.28.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.07%. Skyworks Solutions's dividend payout ratio (DPR) is presently 85.89%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The shares were acquired 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. The Goldman Sachs Group reduced their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Bank of America lowered 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. Stifel Nicolaus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating and cut their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Citigroup boosted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a report on Friday, January 10th. 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 stock. According to data from MarketBeat.com, Skyworks Solutions presently has an average rating of "Hold" and an average price target of $83.78.

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.