Drum Hill Capital LLC Takes $1.88 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Drum Hill Capital LLC bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,139 shares of the semiconductor manufacturer’s stock, valued at approximately $1,875,000. Skyworks Solutions comprises approximately 2.3% of Drum Hill Capital LLC’s portfolio, making the stock its 18th biggest holding.

Several other institutional investors have also modified their holdings of SWKS. Erste Asset Management GmbH acquired a new stake in Skyworks Solutions during the 3rd quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at approximately $28,000. Investors Research Corp grew its position in shares of Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 213 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of Skyworks Solutions in the third quarter worth $40,000. Finally, Quest Partners LLC bought a new stake in shares of Skyworks Solutions in the third quarter worth $41,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 0.2 %

Skyworks Solutions stock opened at $67.21 on Friday. The firm has a 50-day moving average price of $84.49 and a two-hundred day moving average price of $91.97. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.79 and a beta of 1.14. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Loop Capital assumed coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Susquehanna decreased their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Morgan Stanley cut their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, The Goldman Sachs Group lowered their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Company Profile

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.