Simmons Bank Boosts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Simmons Bank boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,557 shares of the semiconductor manufacturer’s stock after acquiring an additional 724 shares during the period. Simmons Bank’s holdings in Skyworks Solutions were worth $493,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SWKS. Stephens Inc. AR raised its position in shares of Skyworks Solutions by 9.5% during the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock valued at $380,000 after acquiring an additional 372 shares in the last quarter. Versor Investments LP grew its position in shares of Skyworks Solutions by 115.3% during the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock valued at $1,966,000 after buying an additional 10,658 shares during the last quarter. Van ECK Associates Corp raised its stake in Skyworks Solutions by 25.3% during the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock worth $152,915,000 after acquiring an additional 325,672 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Skyworks Solutions by 126.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock worth $9,047,000 after acquiring an additional 57,146 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $64.12 on Friday. The company has a market cap of $10.31 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The company’s fifty day moving average is $82.59 and its two-hundred day moving average is $91.02. 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, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released 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 return on equity of 12.60% and a net margin of 13.02%. Equities analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.37%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s payout ratio is presently 85.89%.

Wall Street Analysts Forecast Growth

SWKS has been the topic of several analyst reports. Mizuho lowered 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. Morgan Stanley lowered their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Barclays lowered their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average price target of $83.78.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions 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.