Parallel Advisors LLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 70.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,070 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,274 shares during the quarter. Parallel Advisors LLC’s holdings in Skyworks Solutions were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kera Capital Partners Inc. acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $299,000. Rowlandmiller & PARTNERS.ADV raised its stake in Skyworks Solutions by 6.1% during the 2nd quarter. Rowlandmiller & PARTNERS.ADV now owns 32,333 shares of the semiconductor manufacturer’s stock worth $2,409,000 after buying an additional 1,855 shares during the period. Voya Investment Management LLC raised its stake in Skyworks Solutions by 4.5% during the 1st quarter. Voya Investment Management LLC now owns 106,721 shares of the semiconductor manufacturer’s stock worth $6,897,000 after buying an additional 4,641 shares during the period. Jacobi Capital Management LLC raised its stake in Skyworks Solutions by 32.4% during the 1st quarter. Jacobi Capital Management LLC now owns 6,080 shares of the semiconductor manufacturer’s stock worth $393,000 after buying an additional 1,489 shares during the period. Finally, Focus Partners Wealth raised its stake in Skyworks Solutions by 99.0% during the 1st quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock worth $611,000 after buying an additional 4,702 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.
Skyworks Solutions Stock Performance
Skyworks Solutions stock opened at $78.95 on Monday. The stock’s 50 day simple moving average is $73.30 and its two-hundred day simple moving average is $69.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.77 and a beta of 1.17. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $101.50.
Skyworks Solutions Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, August 26th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.70. Skyworks Solutions’s dividend payout ratio (DPR) is currently 113.60%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on SWKS. UBS Group upped their price target on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Mizuho boosted their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Wall Street Zen lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, September 8th. Arete Research raised Skyworks Solutions to a “strong-buy” rating in a report on Thursday, August 14th. Finally, Susquehanna boosted their price objective on Skyworks Solutions from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $72.87.
Read Our Latest Analysis on Skyworks Solutions
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.
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