abrdn plc Has $10.12 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

abrdn plc boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 50.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 90,031 shares of the semiconductor manufacturer’s stock after buying an additional 30,022 shares during the quarter. abrdn plc’s holdings in Skyworks Solutions were worth $10,121,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. J.W. Cole Advisors Inc. bought a new stake in Skyworks Solutions in the fourth quarter valued at approximately $469,000. John G Ullman & Associates Inc. raised its stake in Skyworks Solutions by 3.1% in the fourth quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock valued at $371,000 after buying an additional 100 shares during the period. Western Wealth Management LLC raised its stake in Skyworks Solutions by 4.0% in the fourth quarter. Western Wealth Management LLC now owns 13,735 shares of the semiconductor manufacturer’s stock valued at $1,544,000 after buying an additional 527 shares during the period. Obermeyer Wood Investment Counsel Lllp raised its stake in Skyworks Solutions by 50.8% in the fourth quarter. Obermeyer Wood Investment Counsel Lllp now owns 3,827 shares of the semiconductor manufacturer’s stock valued at $430,000 after buying an additional 1,290 shares during the period. Finally, Xponance Inc. raised its stake in Skyworks Solutions by 25.6% in the fourth quarter. Xponance Inc. now owns 26,673 shares of the semiconductor manufacturer’s stock valued at $2,999,000 after buying an additional 5,443 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SWKS shares. B. Riley upped their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a research note on Wednesday, January 31st. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Susquehanna increased their target price on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $115.10.

Skyworks Solutions Trading Up 1.8 %

Shares of SWKS stock opened at $102.95 on Friday. The stock’s fifty day moving average price is $104.06 and its two-hundred day moving average price is $101.74. The company has a market cap of $16.50 billion, a PE ratio of 18.25, a P/E/G ratio of 1.87 and a beta of 1.37. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the business posted $2.33 EPS. The company’s revenue was down 9.6% compared to the same quarter last year. Equities analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.64%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s payout ratio is presently 48.23%.

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.