Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by South Dakota Investment Council

South Dakota Investment Council boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,231 shares of the semiconductor manufacturer’s stock after acquiring an additional 700 shares during the quarter. South Dakota Investment Council’s holdings in Skyworks Solutions were worth $1,937,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SWKS. Pacer Advisors Inc. raised its holdings in Skyworks Solutions by 40.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock valued at $180,083,000 after acquiring an additional 465,223 shares in the last quarter. AQR Capital Management LLC raised its holdings in Skyworks Solutions by 42.0% during the third quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock worth $112,951,000 after purchasing an additional 338,838 shares in the last quarter. LSV Asset Management raised its holdings in Skyworks Solutions by 24.2% during the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock worth $171,675,000 after purchasing an additional 338,820 shares in the last quarter. Invesco Ltd. raised its holdings in Skyworks Solutions by 11.8% during the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after purchasing an additional 321,243 shares in the last quarter. Finally, AustralianSuper Pty Ltd acquired a new stake in Skyworks Solutions during the fourth quarter worth approximately $29,522,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SWKS shares. Piper Sandler reissued a “neutral” rating and set a $90.00 price objective on shares of Skyworks Solutions in a report on Thursday, January 4th. Susquehanna raised their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. StockNews.com lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. Finally, TD Cowen raised their target price on shares of Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $115.10.

Skyworks Solutions Trading Up 1.8 %

NASDAQ:SWKS opened at $101.12 on Thursday. The company has a market capitalization of $16.20 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.84 and a beta of 1.37. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69. The stock has a fifty day simple moving average of $104.11 and a 200-day simple moving average of $101.73.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.33 EPS. On average, equities research analysts expect that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 48.23%.

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.