Van ECK Associates Corp Acquires 144,357 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Van ECK Associates Corp boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 960,348 shares of the semiconductor manufacturer’s stock after purchasing an additional 144,357 shares during the period. Van ECK Associates Corp’s holdings in Skyworks Solutions were worth $107,962,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Handelsbanken Fonder AB grew its position in Skyworks Solutions by 1.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 84,103 shares of the semiconductor manufacturer’s stock worth $8,292,000 after purchasing an additional 969 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Skyworks Solutions by 40.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 22,300 shares of the semiconductor manufacturer’s stock valued at $2,199,000 after buying an additional 6,400 shares in the last quarter. Garrison Asset Management LLC boosted its holdings in Skyworks Solutions by 1.6% in the 3rd quarter. Garrison Asset Management LLC now owns 10,110 shares of the semiconductor manufacturer’s stock worth $997,000 after buying an additional 160 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Skyworks Solutions by 2.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,911 shares of the semiconductor manufacturer’s stock valued at $1,667,000 after acquiring an additional 362 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC increased its position in shares of Skyworks Solutions by 922.3% during the third quarter. Kingswood Wealth Advisors LLC now owns 14,404 shares of the semiconductor manufacturer’s stock worth $1,420,000 after purchasing an additional 12,995 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 0.1 %

SWKS traded up $0.16 during trading hours on Tuesday, hitting $108.02. 776,558 shares of the company’s stock were exchanged, compared to its average volume of 2,274,647. The firm has a 50 day moving average of $104.15 and a 200 day moving average of $101.91. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The firm has a market cap of $17.31 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, beating the consensus estimate of $1.95 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. Skyworks Solutions’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.33 earnings per share. Analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Skyworks Solutions 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.