Golden State Wealth Management LLC Makes New $28,000 Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Golden State Wealth Management LLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 310 shares of the semiconductor manufacturer’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Erste Asset Management GmbH acquired a new stake in Skyworks Solutions during the 3rd quarter worth about $27,000. Investors Research Corp lifted its position in Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares during the period. Valley Wealth Managers Inc. acquired a new stake in Skyworks Solutions during the 3rd quarter worth about $40,000. Quest Partners LLC acquired a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $41,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

SWKS stock opened at $66.19 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.24. The business has a 50 day simple moving average of $87.57 and a 200-day simple moving average of $93.97. The firm has a market capitalization of $10.64 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

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 $0.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.23%. Skyworks Solutions’s payout ratio is 85.89%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday. Bank of America decreased their price objective on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday, February 6th. Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. The Goldman Sachs Group reduced their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $83.78.

About Skyworks Solutions

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.