Worldquant Millennium Advisors LLC acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,525 shares of the semiconductor manufacturer's stock, valued at approximately $3,239,000.
Several other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions during the fourth quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new position in Skyworks Solutions in the 4th quarter worth about $29,000. Picton Mahoney Asset Management acquired a new position in shares of Skyworks Solutions during the 4th quarter valued at about $33,000. Manchester Capital Management LLC increased its holdings in shares of Skyworks Solutions by 325.2% during the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock valued at $49,000 after acquiring an additional 426 shares during the last quarter. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter valued at about $56,000. Institutional investors and hedge funds own 85.43% of the company's stock.
Analyst Ratings Changes
Several brokerages recently weighed in on SWKS. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Argus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and cut their target price for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Rosenblatt Securities restated 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. Finally, Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of "Hold" and a consensus price target of $78.29.
View Our Latest Analysis on Skyworks Solutions
Skyworks Solutions Stock Performance
NASDAQ:SWKS traded down $0.98 during trading hours on Wednesday, reaching $70.41. The company had a trading volume of 779,890 shares, compared to its average volume of 2,928,278. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.79 and a beta of 1.18. The firm's 50 day moving average price is $63.67 and its 200-day moving average price is $75.48.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results 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 company had revenue of $953.20 million for the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Skyworks Solutions's revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 EPS. On average, analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.
Skyworks Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders 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 dividend on an annualized basis and a yield of 3.98%. Skyworks Solutions's payout ratio is 109.80%.
About Skyworks Solutions
(
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.
Featured Articles
Before you consider Skyworks Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Skyworks Solutions wasn't on the list.
While Skyworks Solutions currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
