Tidal Investments LLC grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 14.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,708 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,774 shares during the period. Tidal Investments LLC’s holdings in Skyworks Solutions were worth $1,925,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in SWKS. Golden State Wealth Management LLC bought a new position in Skyworks Solutions in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new position in Skyworks Solutions during the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management purchased a new position in Skyworks Solutions during the fourth quarter valued at approximately $33,000. Manchester Capital Management LLC increased its holdings in Skyworks Solutions by 325.2% during the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock valued at $49,000 after buying an additional 426 shares during the period. Finally, VSM Wealth Advisory LLC purchased a new position in Skyworks Solutions during the fourth quarter valued at approximately $56,000. 85.43% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on SWKS shares. Rosenblatt Securities reissued a “neutral” rating and set a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. The Goldman Sachs Group cut their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus lifted their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, May 8th. UBS Group cut their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Finally, Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $78.29.
Insider Activity at Skyworks Solutions
In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was bought 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. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.28% of the stock is currently owned by insiders.
Skyworks Solutions Trading Down 1.4%
NASDAQ:SWKS opened at $69.39 on Friday. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $120.86. The firm has a fifty day simple moving average of $63.62 and a 200-day simple moving average of $75.86. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $10.42 billion, a P/E ratio of 21.29, a PEG ratio of 1.79 and a beta of 1.18.
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same period in the previous year, the firm posted $1.55 earnings per share. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.
Skyworks Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 4.04%. Skyworks Solutions’s dividend payout ratio is presently 109.80%.
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.
Further Reading
- Five stocks we like better than Skyworks Solutions
- What Are Dividend Contenders? Investing in Dividend Contenders
- Pfizer’s 7.5% Dividend: Income Haven or House of Cards?
- Canadian Penny Stocks: Can They Make You Rich?
- 3 Trades Members of Congress Are Making Right Now
- Breakout Stocks: What They Are and How to Identify Them
- TJX Stock Price Stumble Is Your Chance to Pick Up a Bargain
Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report).
Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.