Focus Partners Wealth Invests $458,000 in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Focus Partners Wealth acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,749 shares of the semiconductor manufacturer's stock, valued at approximately $458,000.

Several other hedge funds have also modified their holdings of the company. Barclays PLC raised its stake in Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after purchasing an additional 949,407 shares in the last quarter. Aaron Wealth Advisors LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth about $210,000. Nisa Investment Advisors LLC increased its holdings in shares of Skyworks Solutions by 14.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 41,669 shares of the semiconductor manufacturer's stock worth $3,695,000 after buying an additional 5,294 shares during the last quarter. Inspire Investing LLC raised its position in shares of Skyworks Solutions by 8.2% during the 4th quarter. Inspire Investing LLC now owns 26,999 shares of the semiconductor manufacturer's stock valued at $2,394,000 after buying an additional 2,049 shares in the last quarter. Finally, Impact Partnership Wealth LLC raised its position in shares of Skyworks Solutions by 25.6% during the 4th quarter. Impact Partnership Wealth LLC now owns 10,128 shares of the semiconductor manufacturer's stock valued at $898,000 after buying an additional 2,062 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Trading Down 1.4%

Shares of NASDAQ:SWKS traded down $0.97 during trading on Monday, reaching $69.39. 3,902,192 shares of the company were exchanged, compared to its average volume of 2,934,789. The business's fifty day simple moving average is $63.61 and its 200-day simple moving average is $75.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The firm has a market capitalization of $10.42 billion, a PE ratio of 21.29, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $953.20 million for the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Skyworks Solutions's revenue was down 8.9% compared to the same quarter last year. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's payout ratio is currently 109.80%.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace acquired 10,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SWKS shares. B. Riley lowered Skyworks Solutions from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Morgan Stanley lowered their price objective on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Rosenblatt Securities reissued a "neutral" rating and set a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Barclays increased their price target on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $78.29.

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.