Skyworks Solutions, Inc. (NASDAQ:SWKS) Short Interest Update

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 6,000,000 shares, a growth of 30.4% from the February 29th total of 4,600,000 shares. Based on an average daily trading volume, of 2,280,000 shares, the short-interest ratio is currently 2.6 days. Currently, 3.8% of the shares of the stock are sold short.

Skyworks Solutions Trading Up 0.4 %

Skyworks Solutions stock traded up $0.43 during midday trading on Friday, reaching $108.32. 1,718,183 shares of the stock traded hands, compared to its average volume of 3,046,421. The company has a 50-day simple moving average of $105.09 and a two-hundred day simple moving average of $101.12. Skyworks Solutions has a 12-month low of $85.06 and a 12-month high of $118.42. The firm has a market cap of $17.36 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 2.00 and a beta of 1.37. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business's quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.33 EPS. Research analysts expect that Skyworks Solutions will post 5.68 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Friday, February 16th. Skyworks Solutions's payout ratio is presently 48.23%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SWKS shares. Susquehanna increased their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the company a "positive" rating in a research note on Wednesday, January 31st. TD Cowen increased their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, January 31st. Mizuho increased their price objective on Skyworks Solutions from $108.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, December 18th. B. Riley increased their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Wednesday, January 31st. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $90.00 target price on shares of Skyworks Solutions in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $115.10.

Institutional Investors Weigh In On Skyworks Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. HighPoint Advisor Group LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth about $534,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth about $4,160,000. Vanguard Group Inc. raised its position in shares of Skyworks Solutions by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer's stock worth $2,097,372,000 after acquiring an additional 123,564 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth about $55,000. Finally, Alamar Capital Management LLC raised its position in shares of Skyworks Solutions by 4.2% during the 4th quarter. Alamar Capital Management LLC now owns 22,483 shares of the semiconductor manufacturer's stock worth $2,528,000 after acquiring an additional 908 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

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.

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