Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,405 shares of the semiconductor manufacturer’s stock after purchasing an additional 555 shares during the quarter. Blair William & Co. IL’s holdings in Skyworks Solutions were worth $391,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions during the third quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions during the 4th quarter worth $29,000. Picton Mahoney Asset Management acquired a new stake in Skyworks Solutions in the 4th quarter valued at $33,000. Finally, Manchester Capital Management LLC raised its position in Skyworks Solutions by 325.2% in the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock valued at $49,000 after purchasing an additional 426 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

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 bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $52.78 on Friday. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $70.01 and its two-hundred day moving average price is $84.18. Skyworks Solutions, Inc. has a 52-week low of $52.04 and a 52-week high of $120.86. The stock has a market capitalization of $8.48 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data 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 net margin of 13.02% and a return on equity of 12.60%. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 5.31%. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Rosenblatt Securities reiterated a “neutral” rating and set a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. The Goldman Sachs Group decreased their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Piper Sandler dropped their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Finally, Barclays dropped their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.78.

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.