South Dakota Investment Council Acquires 700 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

South Dakota Investment Council grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,231 shares of the semiconductor manufacturer’s stock after acquiring an additional 700 shares during the period. South Dakota Investment Council’s holdings in Skyworks Solutions were worth $1,937,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Skyworks Solutions by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock valued at $1,827,170,000 after purchasing an additional 53,389 shares during the period. Victory Capital Management Inc. raised its position in shares of Skyworks Solutions by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock valued at $407,474,000 after purchasing an additional 136,188 shares during the period. Invesco Ltd. raised its position in shares of Skyworks Solutions by 11.8% during the 3rd quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock valued at $299,245,000 after purchasing an additional 321,243 shares during the period. Northern Trust Corp raised its position in shares of Skyworks Solutions by 8.3% during the 3rd quarter. Northern Trust Corp now owns 2,091,132 shares of the semiconductor manufacturer’s stock valued at $206,165,000 after purchasing an additional 160,178 shares during the period. Finally, LSV Asset Management grew its stake in Skyworks Solutions by 24.2% during the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after acquiring an additional 338,820 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. TD Cowen raised their target price on shares of Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Susquehanna lifted their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Piper Sandler reissued a “neutral” rating and issued a $90.00 price objective on shares of Skyworks Solutions in a research note on Thursday, January 4th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $115.10.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $101.12 on Thursday. The firm has a 50-day moving average price of $104.11 and a 200-day moving average price of $101.73. The firm has a market capitalization of $16.20 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.84 and a beta of 1.37. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $2.33 EPS. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. As a group, equities research analysts forecast that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.69%. Skyworks Solutions’s payout ratio is 48.23%.

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.