GAMMA Investing LLC Invests $149,000 in Skyworks Solutions, Inc. (NASDAQ:SWKS)

GAMMA Investing LLC bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,431 shares of the semiconductor manufacturer’s stock, valued at approximately $149,000.

Several other large investors have also made changes to their positions in the business. Czech National Bank raised its stake in Skyworks Solutions by 47.9% in the 3rd quarter. Czech National Bank now owns 27,858 shares of the semiconductor manufacturer’s stock valued at $2,747,000 after purchasing an additional 9,018 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Skyworks Solutions by 1.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 84,103 shares of the semiconductor manufacturer’s stock valued at $8,292,000 after purchasing an additional 969 shares during the last quarter. Cavalier Investments LLC raised its stake in Skyworks Solutions by 3.7% in the 3rd quarter. Cavalier Investments LLC now owns 5,876 shares of the semiconductor manufacturer’s stock valued at $579,000 after purchasing an additional 210 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Skyworks Solutions by 40.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 22,300 shares of the semiconductor manufacturer’s stock valued at $2,199,000 after purchasing an additional 6,400 shares during the last quarter. Finally, Garrison Asset Management LLC raised its stake in Skyworks Solutions by 1.6% in the 3rd quarter. Garrison Asset Management LLC now owns 10,110 shares of the semiconductor manufacturer’s stock valued at $997,000 after purchasing an additional 160 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $104.30 on Friday. The stock has a market cap of $16.71 billion, a PE ratio of 18.49, a P/E/G ratio of 1.93 and a beta of 1.37. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The stock has a fifty day simple moving average of $104.07 and a 200-day simple moving average of $101.80.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company earned $2.33 EPS. Skyworks Solutions’s revenue was down 9.6% on a year-over-year basis. Equities analysts anticipate that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s payout ratio is 48.23%.

Analyst Ratings Changes

SWKS has been the subject of several recent research reports. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, January 31st. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. TD Cowen upped their target price on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Piper Sandler restated a “neutral” rating and issued a $90.00 target price on shares of Skyworks Solutions in a report on Thursday, January 4th. Finally, B. Riley upped their target price on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. One equities 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $115.10.

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.