West Branch Capital LLC Purchases 400 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

West Branch Capital LLC raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 8,000.0% in the 4th quarter, Holdings Channel reports. The firm owned 405 shares of the semiconductor manufacturer’s stock after buying an additional 400 shares during the period. West Branch Capital LLC’s holdings in Skyworks Solutions were worth $46,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pinnacle West Asset Management Inc. increased its holdings in Skyworks Solutions by 4.2% during the second quarter. Pinnacle West Asset Management Inc. now owns 2,460 shares of the semiconductor manufacturer’s stock worth $272,000 after buying an additional 100 shares during the last quarter. Apollon Wealth Management LLC grew its position in shares of Skyworks Solutions by 4.0% in the 4th quarter. Apollon Wealth Management LLC now owns 2,774 shares of the semiconductor manufacturer’s stock valued at $253,000 after acquiring an additional 106 shares during the period. Kinneret Advisory LLC increased its stake in shares of Skyworks Solutions by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 4,818 shares of the semiconductor manufacturer’s stock worth $642,000 after purchasing an additional 108 shares during the last quarter. Syntax Advisors LLC raised its holdings in shares of Skyworks Solutions by 5.4% in the 3rd quarter. Syntax Advisors LLC now owns 2,201 shares of the semiconductor manufacturer’s stock valued at $217,000 after purchasing an additional 113 shares during the period. Finally, Bleakley Financial Group LLC lifted its stake in Skyworks Solutions by 5.2% in the 2nd quarter. Bleakley Financial Group LLC now owns 2,314 shares of the semiconductor manufacturer’s stock valued at $256,000 after purchasing an additional 114 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SWKS. Piper Sandler reissued a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a research report on Thursday, January 4th. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday. TD Cowen raised their price target on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. B. Riley upped their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Finally, Mizuho increased their price objective on shares of Skyworks Solutions from $108.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $115.10.

Get Our Latest Report on SWKS

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $108.32 on Friday. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $118.42. The company’s 50 day moving average price is $105.09 and its two-hundred day moving average price is $101.12. The firm has a market cap of $17.36 billion, a PE ratio of 19.21, a PEG ratio of 2.00 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 (NASDAQ:SWKSGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. Equities research analysts predict that Skyworks Solutions, Inc. will post 5.68 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s payout ratio is currently 48.23%.

Skyworks Solutions Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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