Claro Advisors LLC Has $451,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Claro Advisors LLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 36.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,015 shares of the semiconductor manufacturer’s stock after buying an additional 1,075 shares during the quarter. Claro Advisors LLC’s holdings in Skyworks Solutions were worth $451,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SWKS. Miracle Mile Advisors LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter worth approximately $206,000. Center For Asset Management LLC bought a new stake in Skyworks Solutions in the fourth quarter valued at $207,000. AdvisorNet Financial Inc raised its stake in Skyworks Solutions by 790.0% during the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after acquiring an additional 316 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Skyworks Solutions by 9.6% during the fourth quarter. Fifth Third Bancorp now owns 20,139 shares of the semiconductor manufacturer’s stock valued at $2,264,000 after acquiring an additional 1,763 shares during the period. Finally, Denali Advisors LLC acquired a new stake in shares of Skyworks Solutions in the 4th quarter valued at $225,000. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Trading Down 1.2 %

Shares of NASDAQ SWKS opened at $107.04 on Tuesday. The company’s 50 day simple moving average is $105.06 and its 200 day simple moving average is $101.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $117.73. The firm has a market capitalization of $17.15 billion, a P/E ratio of 18.98, a P/E/G ratio of 2.00 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.33 earnings per share. On average, analysts predict that Skyworks Solutions, Inc. will post 5.68 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed 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 2.54%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s payout ratio is 48.23%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SWKS. Mizuho lifted their price target on shares of Skyworks Solutions from $108.00 to $125.00 and gave the company a “buy” rating in a report on Monday, December 18th. Susquehanna boosted their target price on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a report on Wednesday, January 31st. Piper Sandler reissued a “neutral” rating and issued a $90.00 price objective on shares of Skyworks Solutions in a research note on Thursday, January 4th. Finally, TD Cowen raised their target price on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $115.10.

View Our Latest Report on SWKS

About Skyworks Solutions

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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