Jackson Creek Investment Advisors LLC bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 21,888 shares of the semiconductor manufacturer’s stock, valued at approximately $1,388,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of SWKS. United Services Automobile Association acquired a new stake in shares of Skyworks Solutions during the first quarter worth about $236,000. Focus Partners Wealth lifted its holdings in shares of Skyworks Solutions by 99.0% during the first quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock worth $611,000 after purchasing an additional 4,702 shares during the period. EverSource Wealth Advisors LLC raised its position in Skyworks Solutions by 137.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock valued at $171,000 after acquiring an additional 1,330 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in Skyworks Solutions during the second quarter valued at approximately $259,000. Finally, Gabelli Funds LLC purchased a new position in Skyworks Solutions during the second quarter valued at approximately $1,004,000. Institutional investors and hedge funds own 85.43% of the company’s stock.
Skyworks Solutions Stock Down 5.7%
Shares of SWKS opened at $78.68 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 32.65 and a beta of 1.48. The stock has a 50 day moving average price of $62.38 and a 200 day moving average price of $62.16.
Skyworks Solutions Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, May 26th. Skyworks Solutions’s payout ratio is presently 117.84%.
Analyst Ratings Changes
Several research analysts recently weighed in on SWKS shares. Mizuho reiterated an “underperform” rating and set a $46.00 price target (down from $60.00) on shares of Skyworks Solutions in a research report on Monday, April 20th. UBS Group lifted their price target on Skyworks Solutions from $63.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Morgan Stanley lifted their price target on Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, February 4th. Finally, Citigroup lifted their price target on Skyworks Solutions from $63.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus price target of $76.61.
Read Our Latest Analysis on SWKS
Skyworks Solutions Company Profile
Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.
Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.
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