Sheaff Brock Investment Advisors LLC grew its position in Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Rating) by 6.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,587 shares of the semiconductor manufacturer’s stock after buying an additional 96 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Skyworks Solutions were worth $211,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Pittenger & Anderson Inc. lifted its stake in shares of Skyworks Solutions by 1,750.0% during the 1st quarter. Pittenger & Anderson Inc. now owns 185 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 175 shares during the last quarter. IronBridge Private Wealth LLC purchased a new stake in shares of Skyworks Solutions during the 4th quarter worth $32,000. Financial Management Professionals Inc. lifted its stake in shares of Skyworks Solutions by 1,845.5% during the 1st quarter. Financial Management Professionals Inc. now owns 214 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Bank of New Hampshire purchased a new stake in shares of Skyworks Solutions during the 1st quarter worth $30,000. Finally, Holloway Wealth Management LLC lifted its stake in shares of Skyworks Solutions by 119.0% during the 1st quarter. Holloway Wealth Management LLC now owns 230 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. 72.09% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently weighed in on SWKS. Barclays decreased their price objective on Skyworks Solutions from $125.00 to $122.00 and set an “equal weight” rating for the company in a research note on Monday, July 25th. KeyCorp decreased their price objective on Skyworks Solutions from $160.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. Susquehanna Bancshares decreased their price target on Skyworks Solutions to $120.00 in a research note on Monday, July 25th. B. Riley increased their price target on Skyworks Solutions to $120.00 in a research note on Friday. Finally, Raymond James decreased their price target on Skyworks Solutions from $170.00 to $150.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $142.45.
Skyworks Solutions Stock Down 0.8 %
Skyworks Solutions (NASDAQ:SWKS – Get Rating) last posted its earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping the consensus estimate of $2.05 by $0.39. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Skyworks Solutions had a return on equity of 30.60% and a net margin of 25.98%. Skyworks Solutions’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.96 earnings per share. Equities analysts expect that Skyworks Solutions, Inc. will post 9.8 earnings per share for the current year.
Skyworks Solutions Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.20%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.56. Skyworks Solutions’s dividend payout ratio (DPR) is 27.22%.
Skyworks Solutions Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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