Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by PFG Advisors

PFG Advisors increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 18.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,644 shares of the semiconductor manufacturer’s stock after purchasing an additional 409 shares during the quarter. PFG Advisors’ holdings in Skyworks Solutions were worth $297,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Skyworks Solutions by 804.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,883,265 shares of the semiconductor manufacturer’s stock worth $340,168,000 after acquiring an additional 2,564,631 shares during the last quarter. Norges Bank acquired a new position in shares of Skyworks Solutions in the fourth quarter worth $152,111,000. DnB Asset Management AS raised its holdings in shares of Skyworks Solutions by 60.9% in the third quarter. DnB Asset Management AS now owns 1,344,282 shares of the semiconductor manufacturer’s stock worth $132,533,000 after acquiring an additional 508,807 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Skyworks Solutions by 40.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock worth $180,083,000 after acquiring an additional 465,223 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Skyworks Solutions in the first quarter worth $53,654,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SWKS shares. Susquehanna lifted their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. B. Riley lifted their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. TD Cowen lifted their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, January 31st. Finally, Mizuho lifted their price objective on Skyworks Solutions from $108.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have 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 $115.10.

View Our Latest Report on SWKS

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $106.63 on Wednesday. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $117.73. The business has a 50-day moving average of $105.00 and a 200-day moving average of $101.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.99 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share 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 company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The company’s revenue was down 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post 5.64 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

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.

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

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