Inspire Advisors LLC Increases Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Inspire Advisors LLC raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 42.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,538 shares of the semiconductor manufacturer’s stock after buying an additional 4,323 shares during the period. Inspire Advisors LLC’s holdings in Skyworks Solutions were worth $1,289,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SWKS. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions during the 3rd quarter valued at $27,000. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions during the 4th quarter valued at $29,000. Investors Research Corp boosted its position in Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares during the period. Finally, Valley Wealth Managers Inc. purchased a new stake in Skyworks Solutions during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $661,300. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SWKS has been the subject of several analyst reports. Craig Hallum dropped their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. B. Riley cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Piper Sandler dropped their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Susquehanna dropped their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Down 0.8 %

NASDAQ:SWKS opened at $72.05 on Tuesday. The firm has a market cap of $11.58 billion, a P/E ratio of 22.10, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The firm has a 50-day simple moving average of $79.56 and a two-hundred day simple moving average of $88.92.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. Analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 3.89%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

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.