Alexander Randolph Advisory Inc. Purchases New Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Alexander Randolph Advisory Inc. bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,354 shares of the semiconductor manufacturer's stock, valued at approximately $1,389,000. Skyworks Solutions makes up about 1.3% of Alexander Randolph Advisory Inc.'s investment portfolio, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Global Wealth Management Investment Advisory Inc. grew its position in Skyworks Solutions by 98.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer's stock valued at $31,000 after acquiring an additional 155 shares during the last quarter. Milestone Investment Advisors LLC bought a new position in shares of Skyworks Solutions in the third quarter worth approximately $34,000. AdvisorNet Financial Inc grew its holdings in shares of Skyworks Solutions by 790.0% in the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer's stock worth $40,000 after purchasing an additional 316 shares during the last quarter. West Branch Capital LLC grew its holdings in shares of Skyworks Solutions by 8,000.0% in the fourth quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer's stock worth $46,000 after purchasing an additional 400 shares during the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of Skyworks Solutions by 47.9% in the fourth quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer's stock worth $47,000 after purchasing an additional 136 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Up 1.3 %

Skyworks Solutions stock traded up $1.35 during mid-day trading on Friday, reaching $104.30. The stock had a trading volume of 1,578,071 shares, compared to its average volume of 1,909,419. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.93 and a beta of 1.37. The company has a 50-day moving average price of $104.07 and a two-hundred day moving average price of $101.83. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. Skyworks Solutions's revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.33 EPS. On average, analysts expect that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions's dividend payout ratio is currently 48.23%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. KeyCorp cut shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a report on Monday, April 8th. Susquehanna raised their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a "positive" rating in a report on Wednesday, January 31st. Piper Sandler reiterated a "neutral" rating and issued a $90.00 price target on shares of Skyworks Solutions in a report on Thursday, January 4th. TD Cowen lifted their price target on shares of Skyworks Solutions from $115.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, January 31st. Finally, B. Riley lifted their price target 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Skyworks Solutions presently has a consensus rating of "Hold" and an average target price of $115.10.

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.