Avior Wealth Management LLC Raises Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Avior Wealth Management LLC boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 47.9% in the fourth quarter, HoldingsChannel reports. The firm owned 420 shares of the semiconductor manufacturer’s stock after purchasing an additional 136 shares during the period. Avior Wealth Management LLC’s holdings in Skyworks Solutions were worth $47,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Safeguard Investment Advisory Group LLC lifted its holdings in Skyworks Solutions by 0.6% during the 4th quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock worth $1,764,000 after buying an additional 99 shares during the last quarter. Pinnacle West Asset Management Inc. lifted its holdings in Skyworks Solutions by 4.2% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 2,460 shares of the semiconductor manufacturer’s stock worth $272,000 after buying an additional 100 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in Skyworks Solutions by 4.0% during the 4th quarter. Apollon Wealth Management LLC now owns 2,774 shares of the semiconductor manufacturer’s stock worth $253,000 after buying an additional 106 shares during the last quarter. Kinneret Advisory LLC lifted its holdings in Skyworks Solutions by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 4,818 shares of the semiconductor manufacturer’s stock worth $642,000 after buying an additional 108 shares during the last quarter. Finally, Syntax Advisors LLC lifted its holdings in Skyworks Solutions by 5.4% during the 3rd quarter. Syntax Advisors LLC now owns 2,201 shares of the semiconductor manufacturer’s stock worth $217,000 after buying an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SWKS. Susquehanna increased their target price on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. B. Riley increased their target price on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. TD Cowen raised their price target on Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $115.10.

Skyworks Solutions Stock Down 1.5 %

SWKS opened at $96.11 on Friday. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69. 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 stock has a market cap of $15.40 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.78 and a beta of 1.37. The stock’s 50 day moving average price is $104.45 and its 200 day moving average price is $101.69.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, beating 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 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 EPS. The firm’s revenue was down 9.6% compared to the same quarter last year. As a group, research analysts predict that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s dividend payout ratio (DPR) 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.