Voloridge Investment Management LLC Grows Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Voloridge Investment Management LLC grew its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 1,862.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,905 shares of the semiconductor manufacturer's stock after acquiring an additional 330,178 shares during the period. Voloridge Investment Management LLC owned about 0.22% of Skyworks Solutions worth $30,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SWKS. Norges Bank bought a new position in shares of Skyworks Solutions during the fourth quarter valued at about $228,646,000. Pzena Investment Management LLC raised its stake in Skyworks Solutions by 37.5% in the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock worth $499,273,000 after buying an additional 1,536,289 shares in the last quarter. Marshall Wace LLP raised its stake in Skyworks Solutions by 4,364.4% in the fourth quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock worth $126,072,000 after buying an additional 1,389,803 shares in the last quarter. Vulcan Value Partners LLC raised its stake in Skyworks Solutions by 29.2% in the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after buying an additional 1,194,782 shares in the last quarter. Finally, Barclays PLC raised its stake in Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after buying an additional 949,407 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of research reports. Piper Sandler decreased their price target 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. The Goldman Sachs Group decreased their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Mizuho downgraded shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Stifel Nicolaus increased their price target 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 equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $78.29.

Insider Activity at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares of the company's stock, valued at approximately $661,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Skyworks Solutions Price Performance

Shares of SWKS stock traded down $0.97 on Friday, hitting $69.39. 3,902,192 shares of the stock traded hands, compared to its average volume of 2,934,789. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. The firm has a 50 day simple moving average of $63.62 and a two-hundred day simple moving average of $75.76. 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 (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The company's revenue was down 8.9% on a year-over-year basis. During the same period last year, the firm earned $1.55 EPS. As a group, equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

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

Skyworks Solutions Company 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.