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Modera Wealth Management LLC Decreases Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Skyworks Solutions logo with Computer and Technology background

Key Points

  • Modera Wealth Management LLC reduced its holdings in Skyworks Solutions, Inc. by 6.7%, owning 65,643 shares valued at approximately $4.24 million at the end of the first quarter.
  • Analysts are mixed on Skyworks Solutions, with some firms raising price targets while others, like The Goldman Sachs Group, issued a "sell" rating with a target price of $70.00.
  • Skyworks recently declared a quarterly dividend of $0.70 per share, representing a 3.93% annual yield, but has a payout ratio of 109.80%.
  • Interested in Skyworks Solutions? Here are five stocks we like better.

Modera Wealth Management LLC lessened its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,643 shares of the semiconductor manufacturer's stock after selling 4,739 shares during the quarter. Modera Wealth Management LLC's holdings in Skyworks Solutions were worth $4,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SWKS. LPL Financial LLC lifted its position in shares of Skyworks Solutions by 1.5% in the fourth quarter. LPL Financial LLC now owns 121,483 shares of the semiconductor manufacturer's stock valued at $10,773,000 after acquiring an additional 1,853 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Skyworks Solutions by 14.4% in the fourth quarter. Blair William & Co. IL now owns 4,405 shares of the semiconductor manufacturer's stock valued at $391,000 after purchasing an additional 555 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $66,000. Allstate Corp acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $410,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $1,073,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on SWKS shares. 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. UBS Group increased their price target on Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Susquehanna increased their price target on Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Stifel Nicolaus raised their target price on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of "Hold" and an average price target of $74.07.

View Our Latest Stock Report on SWKS

Skyworks Solutions Trading Down 1.2%

Shares of NASDAQ SWKS traded down $0.85 during trading on Friday, reaching $67.69. The stock had a trading volume of 2,676,285 shares, compared to its average volume of 2,025,519. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $110.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. The business's 50-day moving average price is $72.83 and its 200-day moving average price is $70.48. The company has a market cap of $10.16 billion, a P/E ratio of 26.55, a PEG ratio of 1.72 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The business had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The company's revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 earnings per share. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were issued a $0.70 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 4.1%. Skyworks Solutions's dividend payout ratio (DPR) is 109.80%.

Skyworks Solutions Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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