Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 5.5% during the second quarter, Holdings Channel reports. The institutional investor owned 312,975 shares of the semiconductor manufacturer’s stock after buying an additional 16,421 shares during the period. Rhumbline Advisers’ holdings in Skyworks Solutions were worth $28,994,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SWKS. Van ECK Associates Corp boosted its stake in Skyworks Solutions by 43.2% in the 1st quarter. Van ECK Associates Corp now owns 1,171,723 shares of the semiconductor manufacturer’s stock worth $156,167,000 after buying an additional 353,682 shares during the last quarter. BlackRock Inc. boosted its stake in Skyworks Solutions by 2.3% in the 1st quarter. BlackRock Inc. now owns 14,632,218 shares of the semiconductor manufacturer’s stock worth $1,950,183,000 after buying an additional 324,590 shares during the last quarter. Bank of Nova Scotia boosted its stake in Skyworks Solutions by 691.1% in the 2nd quarter. Bank of Nova Scotia now owns 355,595 shares of the semiconductor manufacturer’s stock worth $32,943,000 after buying an additional 310,646 shares during the last quarter. Bank of Montreal Can boosted its stake in Skyworks Solutions by 62.4% in the 2nd quarter. Bank of Montreal Can now owns 554,383 shares of the semiconductor manufacturer’s stock worth $55,982,000 after buying an additional 212,934 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Skyworks Solutions by 7.9% in the 1st quarter. Lazard Asset Management LLC now owns 2,880,928 shares of the semiconductor manufacturer’s stock worth $383,969,000 after buying an additional 209,777 shares during the last quarter. 74.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Piper Sandler dropped their target price on Skyworks Solutions from $145.00 to $110.00 in a report on Thursday, November 3rd. Credit Suisse Group restated an “outperform” rating and set a $125.00 price objective on shares of Skyworks Solutions in a report on Wednesday, November 16th. Morgan Stanley dropped their price objective on Skyworks Solutions from $123.00 to $96.00 and set an “equal weight” rating on the stock in a report on Friday, November 4th. Craig Hallum dropped their price objective on Skyworks Solutions from $160.00 to $120.00 in a report on Friday, November 4th. Finally, StockNews.com assumed coverage on Skyworks Solutions in a report on Wednesday, October 12th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $115.45.

Skyworks Solutions Trading Up 0.9 %

NASDAQ:SWKS opened at $94.99 on Thursday. Skyworks Solutions, Inc. has a 12-month low of $76.16 and a 12-month high of $164.47. The firm has a market capitalization of $15.24 billion, a P/E ratio of 12.18, a P/E/G ratio of 0.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.31 and a quick ratio of 1.34. The business has a 50 day simple moving average of $89.44 and a 200 day simple moving average of $97.80.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Tuesday, November 22nd will be given a dividend of $0.62 per share. The ex-dividend date is Monday, November 21st. This represents a $2.48 dividend on an annualized basis and a yield of 2.61%. Skyworks Solutions’s dividend payout ratio is currently 31.79%.

About Skyworks Solutions

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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