9,600 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 9,600 shares of the semiconductor manufacturer’s stock, valued at approximately $1,079,000.

A number of other large investors have also modified their holdings of SWKS. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Skyworks Solutions by 98.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 155 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Skyworks Solutions during the third quarter worth $34,000. AdvisorNet Financial Inc grew its holdings in shares of Skyworks Solutions by 790.0% during the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after buying an additional 316 shares in the last quarter. West Branch Capital LLC grew its holdings in shares of Skyworks Solutions by 8,000.0% during the fourth quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock worth $46,000 after buying an additional 400 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Skyworks Solutions by 48.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 427 shares of the semiconductor manufacturer’s stock worth $48,000 after buying an additional 139 shares in 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 recently issued reports on SWKS. 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. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a report on Wednesday, January 31st. Susquehanna upped their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Finally, B. Riley upped their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $115.10.

Skyworks Solutions Trading Up 1.2 %

NASDAQ SWKS opened at $99.30 on Wednesday. The firm’s 50-day moving average is $104.21 and its two-hundred day moving average is $101.73. 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 capitalization of $15.91 billion, a P/E ratio of 17.61, a PEG ratio of 1.78 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion for 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 quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 earnings per share. On average, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 2.74%. Skyworks Solutions’s dividend 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.