Louisiana State Employees Retirement System Acquires New Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Louisiana State Employees Retirement System acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,600 shares of the semiconductor manufacturer's stock, valued at approximately $1,079,000.

A number of other institutional investors have also recently added to or reduced their stakes in SWKS. HB Wealth Management LLC lifted its holdings in Skyworks Solutions by 22.4% in the 3rd quarter. HB Wealth Management LLC now owns 2,428 shares of the semiconductor manufacturer's stock valued at $239,000 after acquiring an additional 445 shares during the last quarter. GHP Investment Advisors Inc. grew its position in Skyworks Solutions by 57.1% in the third quarter. GHP Investment Advisors Inc. now owns 15,877 shares of the semiconductor manufacturer's stock worth $1,502,000 after buying an additional 5,768 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Skyworks Solutions by 5.7% in the third quarter. Exchange Traded Concepts LLC now owns 57,291 shares of the semiconductor manufacturer's stock valued at $5,648,000 after buying an additional 3,109 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in shares of Skyworks Solutions by 5.7% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,666 shares of the semiconductor manufacturer's stock valued at $460,000 after acquiring an additional 251 shares during the last quarter. Finally, Czech National Bank boosted its stake in shares of Skyworks Solutions by 47.9% during the 3rd quarter. Czech National Bank now owns 27,858 shares of the semiconductor manufacturer's stock worth $2,747,000 after acquiring an additional 9,018 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 1.8 %

SWKS stock traded up $1.82 during trading hours on Wednesday, hitting $101.12. The company's stock had a trading volume of 1,904,383 shares, compared to its average volume of 2,296,590. The company has a market capitalization of $16.20 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.37. The stock has a 50 day moving average price of $104.11 and a two-hundred day moving average price of $101.73. 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 12 month low of $85.06 and a 12 month high of $115.69.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business's revenue was down 9.6% compared to the same quarter last year. During the same period last year, the company earned $2.33 earnings per share. On average, equities research analysts expect that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm 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. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.69%. Skyworks Solutions's payout ratio is presently 48.23%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SWKS. B. Riley upped their target price on Skyworks Solutions from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Wednesday, January 31st. KeyCorp cut shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a report on Monday, April 8th. StockNews.com downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Friday, March 29th. Rosenblatt Securities restated a "buy" rating and issued a $130.00 price target on shares of Skyworks Solutions in a research report on Wednesday, January 31st. Finally, Piper Sandler reiterated a "neutral" rating and set a $90.00 price objective on shares of Skyworks Solutions in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $115.10.

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.