Twelve Points Wealth Management LLC increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 32.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,784 shares of the semiconductor manufacturer's stock after acquiring an additional 9,211 shares during the quarter. Twelve Points Wealth Management LLC's holdings in Skyworks Solutions were worth $2,442,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Perigon Wealth Management LLC increased its holdings in shares of Skyworks Solutions by 30.6% during the 1st quarter. Perigon Wealth Management LLC now owns 3,953 shares of the semiconductor manufacturer's stock worth $255,000 after purchasing an additional 927 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions during the 4th quarter worth about $29,000. Proficio Capital Partners LLC bought a new position in shares of Skyworks Solutions during the 4th quarter worth about $2,509,000. Amalgamated Bank boosted its position in shares of Skyworks Solutions by 1.5% during the 1st quarter. Amalgamated Bank now owns 31,496 shares of the semiconductor manufacturer's stock valued at $2,036,000 after acquiring an additional 458 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Skyworks Solutions by 20.9% during the 1st quarter. GAMMA Investing LLC now owns 3,947 shares of the semiconductor manufacturer's stock valued at $255,000 after acquiring an additional 682 shares in the last quarter. Institutional investors own 85.43% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Skyworks Solutions in a research report on Thursday. They set a "sell" rating and a $70.00 target price on the stock. Barclays lifted their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. Stifel Nicolaus lifted their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. UBS Group decreased their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $79.06.
Check Out Our Latest Stock Report on SWKS
Skyworks Solutions Price Performance
Shares of NASDAQ SWKS traded up $0.07 during trading on Thursday, reaching $77.70. The company had a trading volume of 2,169,247 shares, compared to its average volume of 3,035,098. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. The stock has a market cap of $11.67 billion, a PE ratio of 30.47, a PEG ratio of 1.94 and a beta of 1.17. 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 $72.17 and its 200-day moving average price is $72.48.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its 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 10.43% and a return on equity of 11.53%. The company had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same period in the previous year, the firm posted $1.55 earnings per share. The company's revenue was down 8.9% on a year-over-year basis. Analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.
Skyworks Solutions Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is presently 109.80%.
Skyworks Solutions Profile
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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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