Personal CFO Solutions LLC acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) during the first quarter, Holdings Channel.com reports. The fund acquired 10,548 shares of the semiconductor manufacturer’s stock, valued at approximately $565,000.
A number of other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of Skyworks Solutions by 5.3% in the third quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after purchasing an additional 163 shares during the period. Beacon Pointe Advisors LLC increased its stake in Skyworks Solutions by 4.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock worth $282,000 after buying an additional 200 shares during the period. International Private Wealth Advisors LLC increased its stake in Skyworks Solutions by 5.9% during the 4th quarter. International Private Wealth Advisors LLC now owns 3,714 shares of the semiconductor manufacturer’s stock worth $236,000 after buying an additional 208 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Skyworks Solutions by 2.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 7,881 shares of the semiconductor manufacturer’s stock worth $505,000 after buying an additional 213 shares in the last quarter. Finally, Unison Advisors LLC lifted its holdings in Skyworks Solutions by 1.2% in the 1st quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock worth $986,000 after buying an additional 219 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.
Skyworks Solutions Stock Performance
Shares of SWKS opened at $59.95 on Friday. The stock has a market capitalization of $9.02 billion, a PE ratio of 24.88 and a beta of 1.50. The business’s fifty day moving average price is $71.18 and its 200 day moving average price is $63.18. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90.
Skyworks Solutions Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio is currently 117.84%.
Wall Street Analyst Weigh In
SWKS has been the subject of several recent analyst reports. BNP Paribas Exane raised their target price on Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price target on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Craig Hallum increased their price target on Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. Mizuho restated an “underperform” rating and set a $46.00 price objective (down from $60.00) on shares of Skyworks Solutions in a research note on Monday, April 20th. Finally, Morgan Stanley raised their price objective on Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $77.47.
Check Out Our Latest Analysis on Skyworks Solutions
Skyworks Solutions Profile
Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.
Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.
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