Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by CGN Advisors LLC

CGN Advisors LLC boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 25.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,099 shares of the semiconductor manufacturer's stock after buying an additional 6,607 shares during the period. CGN Advisors LLC's holdings in Skyworks Solutions were worth $2,075,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SWKS. Resonant Capital Advisors LLC lifted its position in Skyworks Solutions by 5.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer's stock valued at $267,000 after purchasing an additional 143 shares during the period. Savant Capital LLC increased its holdings in Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock valued at $271,000 after buying an additional 144 shares in the last quarter. Legacy Financial Advisors Inc. increased its holdings in Skyworks Solutions by 2.5% in the fourth quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock valued at $566,000 after buying an additional 156 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in Skyworks Solutions by 7.5% in the fourth quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock valued at $209,000 after buying an additional 165 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Skyworks Solutions by 7.5% during the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock worth $213,000 after purchasing an additional 167 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on SWKS. Piper Sandler cut their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Bank of America decreased their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Finally, Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded up $0.80 during trading hours on Friday, reaching $71.59. 2,185,764 shares of the company's stock were exchanged, compared to its average volume of 3,033,360. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 1.79 and a beta of 1.16. The company has a 50-day moving average of $64.26 and a 200 day moving average of $74.74. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86.

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

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is presently 109.80%.

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.