Geneos Wealth Management Inc. Buys 150 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Geneos Wealth Management Inc. increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 52.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 436 shares of the semiconductor manufacturer’s stock after acquiring an additional 150 shares during the period. Geneos Wealth Management Inc.’s holdings in Skyworks Solutions were worth $49,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. AXQ Capital LP acquired a new stake in shares of Skyworks Solutions during the third quarter worth approximately $789,000. Highland Capital Management LLC boosted its stake in Skyworks Solutions by 91.4% in the fourth quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock worth $4,785,000 after purchasing an additional 20,330 shares in the last quarter. LSV Asset Management boosted its stake in Skyworks Solutions by 24.2% in the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock worth $171,675,000 after purchasing an additional 338,820 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Skyworks Solutions by 10,450.2% during the fourth quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer’s stock worth $9,500,000 after purchasing an additional 83,706 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Skyworks Solutions by 3.1% in the third quarter. California Public Employees Retirement System now owns 321,152 shares of the semiconductor manufacturer’s stock valued at $31,662,000 after buying an additional 9,692 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. TD Cowen increased their price objective on shares of Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Susquehanna increased their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. B. Riley boosted their target price on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a research report on Wednesday, January 31st. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $90.00 target price on shares of Skyworks Solutions in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $115.10.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $99.01 on Wednesday. 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 $115.69. The company’s 50 day moving average price is $104.87 and its two-hundred day moving average price is $101.72. The company has a market capitalization of $15.86 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 1.86 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last issued 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 for the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. During the same period last year, the business posted $2.33 earnings per share. On average, analysts expect that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

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. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.75%. Skyworks Solutions’s payout ratio is presently 48.23%.

Skyworks Solutions Company 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.