Lecap Asset Management Ltd. Buys Shares of 10,081 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Lecap Asset Management Ltd. acquired a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,081 shares of the semiconductor manufacturer's stock, valued at approximately $1,133,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System bought a new stake in shares of Skyworks Solutions in the 4th quarter worth about $1,079,000. Koshinski Asset Management Inc. lifted its holdings in shares of Skyworks Solutions by 25.7% in the 4th quarter. Koshinski Asset Management Inc. now owns 5,864 shares of the semiconductor manufacturer's stock worth $659,000 after acquiring an additional 1,198 shares during the last quarter. Xcel Wealth Management LLC lifted its holdings in shares of Skyworks Solutions by 4.6% in the 4th quarter. Xcel Wealth Management LLC now owns 15,795 shares of the semiconductor manufacturer's stock worth $1,776,000 after acquiring an additional 700 shares during the last quarter. Essex LLC lifted its holdings in shares of Skyworks Solutions by 3.7% in the 4th quarter. Essex LLC now owns 31,574 shares of the semiconductor manufacturer's stock worth $3,550,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Skyworks Solutions by 49.1% in the 4th quarter. Perigon Wealth Management LLC now owns 3,170 shares of the semiconductor manufacturer's stock worth $356,000 after acquiring an additional 1,044 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on SWKS. Rosenblatt Securities restated a "buy" rating and issued a $130.00 target price on shares of Skyworks Solutions in a report on Wednesday, January 31st. Susquehanna lifted their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a "positive" rating in a report on Wednesday, January 31st. B. Riley lifted their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Wednesday, January 31st. Piper Sandler reiterated a "neutral" rating and set a $90.00 price objective on shares of Skyworks Solutions in a report on Thursday, January 4th. Finally, StockNews.com lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Friday, March 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $115.10.

Skyworks Solutions Stock Down 2.7 %

Shares of Skyworks Solutions stock traded down $2.78 on Friday, reaching $101.55. The stock had a trading volume of 2,095,773 shares, compared to its average volume of 2,460,709. The company has a 50 day moving average price of $104.96 and a 200 day moving average price of $101.70. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $115.69. The stock has a market capitalization of $16.27 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.88 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm earned $2.33 EPS. The company's quarterly revenue was down 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, February 16th. Skyworks Solutions's dividend payout ratio is presently 48.23%.

About Skyworks Solutions

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.