Touchstone Capital Inc. Sells 260 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Touchstone Capital Inc. lessened its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,848 shares of the semiconductor manufacturer’s stock after selling 260 shares during the period. Skyworks Solutions makes up 4.8% of Touchstone Capital Inc.’s portfolio, making the stock its 10th biggest position. Touchstone Capital Inc.’s holdings in Skyworks Solutions were worth $5,042,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Morton Capital Management LLC CA acquired a new stake in shares of Skyworks Solutions in the 4th quarter worth about $318,000. Planned Solutions Inc. acquired a new position in Skyworks Solutions during the 4th quarter valued at about $175,000. Highland Capital Management LLC increased its stake in Skyworks Solutions by 91.4% during the 4th quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock valued at $4,785,000 after buying an additional 20,330 shares during the period. Columbia Trust Co 01012016 acquired a new position in Skyworks Solutions during the 4th quarter valued at about $205,000. Finally, Assenagon Asset Management S.A. increased its stake in Skyworks Solutions by 167.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 342,051 shares of the semiconductor manufacturer’s stock valued at $38,453,000 after buying an additional 213,931 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on SWKS shares. Mizuho raised their target price on shares of Skyworks Solutions from $108.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, December 18th. StockNews.com lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley raised their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Piper Sandler restated a “neutral” rating and set a $90.00 price objective on shares of Skyworks Solutions in a research report on Thursday, January 4th. Finally, Susquehanna raised their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $115.10.

Skyworks Solutions Stock Performance

SWKS stock opened at $108.32 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The stock has a market cap of $17.36 billion, a P/E ratio of 19.21, a P/E/G ratio of 1.99 and a beta of 1.37. The firm has a 50 day simple moving average of $105.05 and a 200 day simple moving average of $101.02. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $118.42.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period last year, the company posted $2.33 earnings per share. Research analysts anticipate that Skyworks Solutions, Inc. will post 5.68 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

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.