Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10,450.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,507 shares of the semiconductor manufacturer’s stock after buying an additional 83,706 shares during the period. International Assets Investment Management LLC owned 0.05% of Skyworks Solutions worth $9,500,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. True Wealth Design LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $26,000. Fortis Capital Advisors LLC purchased a new stake in Skyworks Solutions in the fourth quarter valued at $27,000. Tyler Stone Wealth Management acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at $29,000. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of 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 worth $31,000 after purchasing an additional 155 shares during the period. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Skyworks Solutions during the 3rd quarter worth about $34,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

SWKS opened at $101.55 on Friday. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69. The stock has a market cap of $16.27 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.93 and a beta of 1.37. The stock’s 50 day simple moving average is $104.96 and its 200 day simple moving average is $101.66. 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 (NASDAQ:SWKS) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. Skyworks Solutions’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.33 earnings per share. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 5.65 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. Shareholders of record on Tuesday, February 20th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 48.23%.

Analyst Ratings Changes

Several research analysts have weighed in on SWKS shares. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Mizuho upped their price target on Skyworks Solutions from $108.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. Rosenblatt Securities restated a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a research report on Wednesday, January 31st. B. Riley boosted their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Finally, TD Cowen lifted their target price on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $115.10.

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.