WCM Investment Management LLC Has $2.20 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

WCM Investment Management LLC lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 116.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,874 shares of the semiconductor manufacturer's stock after purchasing an additional 13,383 shares during the quarter. WCM Investment Management LLC's holdings in Skyworks Solutions were worth $2,199,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Forsta AP Fonden increased its stake in shares of Skyworks Solutions by 27.0% during the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock worth $3,674,000 after purchasing an additional 7,900 shares during the last quarter. Versor Investments LP grew its stake in 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 buying an additional 10,658 shares during the last quarter. Van ECK Associates Corp grew its stake in 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 buying an additional 325,672 shares during the last quarter. Barclays PLC grew its stake in Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after buying an additional 949,407 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in Skyworks Solutions by 20.2% in the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer's stock valued at $3,615,000 after buying an additional 6,151 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SWKS shares. 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 on the stock. Morgan Stanley lowered their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Piper Sandler lowered their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a research note on Thursday, February 6th. Rosenblatt Securities reiterated a "neutral" rating and issued a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Barclays lowered their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating on the stock in a research note on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions presently has an average rating of "Hold" and an average target price of $83.78.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS traded down $0.25 during midday trading on Friday, reaching $65.93. 2,967,487 shares of the company's stock were exchanged, compared to its average volume of 3,427,549. The company's 50 day simple moving average is $86.73 and its two-hundred day simple moving average is $93.42. The firm has a market capitalization of $10.60 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 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%. Equities research analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions's dividend payout ratio is currently 85.89%.

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.