Sigma Planning Corp grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Rating) by 10.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,479 shares of the semiconductor manufacturer’s stock after purchasing an additional 733 shares during the period. Sigma Planning Corp’s holdings in Skyworks Solutions were worth $693,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Skyworks Solutions by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 18,027,044 shares of the semiconductor manufacturer’s stock worth $2,402,644,000 after purchasing an additional 94,095 shares in the last quarter. BlackRock Inc. raised its position in Skyworks Solutions by 2.3% during the first quarter. BlackRock Inc. now owns 14,632,218 shares of the semiconductor manufacturer’s stock valued at $1,950,183,000 after buying an additional 324,590 shares during the period. Lazard Asset Management LLC raised its position in Skyworks Solutions by 6.7% during the second quarter. Lazard Asset Management LLC now owns 3,074,202 shares of the semiconductor manufacturer’s stock valued at $284,793,000 after buying an additional 193,274 shares during the period. Dimensional Fund Advisors LP lifted its stake in Skyworks Solutions by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,451 shares of the semiconductor manufacturer’s stock worth $187,095,000 after acquiring an additional 52,829 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Skyworks Solutions by 11.9% during the 1st quarter. Invesco Ltd. now owns 1,366,381 shares of the semiconductor manufacturer’s stock worth $182,110,000 after acquiring an additional 145,794 shares during the period. Institutional investors and hedge funds own 74.61% of the company’s stock.
Skyworks Solutions Stock Up 2.3 %
Skyworks Solutions stock opened at $94.18 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.31 and a quick ratio of 1.34. Skyworks Solutions, Inc. has a fifty-two week low of $76.16 and a fifty-two week high of $164.47. The firm has a fifty day moving average price of $89.54 and a two-hundred day moving average price of $97.82. The firm has a market cap of $15.11 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.69 and a beta of 1.18.
Skyworks Solutions Dividend Announcement
Wall Street Analyst Weigh In
SWKS has been the subject of a number of research analyst reports. Needham & Company LLC reduced their price target on shares of Skyworks Solutions from $125.00 to $110.00 in a research report on Tuesday, October 25th. StockNews.com began coverage on shares of Skyworks Solutions in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. KeyCorp lowered their price target on shares of Skyworks Solutions from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, November 4th. Summit Insights upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Friday, November 4th. Finally, Bank of America lowered their target price on Skyworks Solutions from $125.00 to $90.00 and set an “underperform” rating on the stock in a research note on Friday, November 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $115.45.
Skyworks Solutions Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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