Bleakley Financial Group LLC Has $208,000 Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bleakley Financial Group LLC lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,846 shares of the semiconductor manufacturer’s stock after selling 200 shares during the period. Bleakley Financial Group LLC’s holdings in Skyworks Solutions were worth $208,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SWKS. Panagora Asset Management Inc. grew its stake in Skyworks Solutions by 54.0% during the first quarter. Panagora Asset Management Inc. now owns 10,415 shares of the semiconductor manufacturer’s stock worth $1,388,000 after buying an additional 3,654 shares during the last quarter. LSV Asset Management bought a new stake in Skyworks Solutions during the first quarter worth about $11,382,000. Raymond James Trust N.A. grew its stake in Skyworks Solutions by 7.8% during the first quarter. Raymond James Trust N.A. now owns 2,328 shares of the semiconductor manufacturer’s stock worth $310,000 after buying an additional 169 shares during the last quarter. Prudential PLC bought a new stake in Skyworks Solutions during the first quarter worth about $429,000. Finally, Moors & Cabot Inc. grew its stake in Skyworks Solutions by 9.7% during the first quarter. Moors & Cabot Inc. now owns 7,249 shares of the semiconductor manufacturer’s stock worth $966,000 after buying an additional 643 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $99.01 on Wednesday. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69. The stock has a market cap of $15.86 billion, a PE ratio of 17.55, a PEG ratio of 1.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The firm’s 50 day moving average price is $104.87 and its two-hundred day moving average price is $101.72.

Skyworks Solutions (NASDAQ:SWKS) last announced 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. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm earned $2.33 earnings per share. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. As a group, analysts forecast that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were paid a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.75%. Skyworks Solutions’s payout ratio is presently 48.23%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Skyworks Solutions in a research note on Thursday, January 4th. Susquehanna upped their price objective 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. B. Riley upped their price objective 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, January 31st. Finally, StockNews.com cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $115.10.

About Skyworks Solutions

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.