State of Michigan Retirement System Purchases 2,000 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

State of Michigan Retirement System boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 3.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,883 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,000 shares during the period. State of Michigan Retirement System’s holdings in Skyworks Solutions were worth $6,170,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in Skyworks Solutions during the 4th quarter valued at about $26,000. Fortis Capital Advisors LLC bought a new position in Skyworks Solutions during the 4th quarter valued at about $27,000. Tyler Stone Wealth Management bought a new position in Skyworks Solutions during the 2nd quarter valued at about $29,000. Global Wealth Management Investment Advisory Inc. lifted its holdings in Skyworks Solutions by 98.1% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 155 shares during the last quarter. Finally, Milestone Investment Advisors LLC bought a new position in Skyworks Solutions during the 3rd quarter valued at about $34,000. 85.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on SWKS. B. Riley boosted their target price on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Susquehanna boosted their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. TD Cowen boosted their target price on shares of Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 target price on shares of Skyworks Solutions in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $115.10.

Get Our Latest Stock Report on Skyworks Solutions

Skyworks Solutions Stock Up 0.3 %

Shares of NASDAQ SWKS opened at $106.94 on Thursday. The stock has a market cap of $17.13 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.98 and a beta of 1.37. The firm has a 50 day moving average price of $104.98 and a 200 day moving average price of $101.31. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $117.73.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.33 earnings per share. Analysts expect that Skyworks Solutions, Inc. will post 5.64 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 issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

Skyworks Solutions Profile

(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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