Obermeyer Wood Investment Counsel Lllp Increases Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Obermeyer Wood Investment Counsel Lllp grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 50.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,827 shares of the semiconductor manufacturer’s stock after buying an additional 1,290 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Skyworks Solutions were worth $430,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. AXQ Capital LP purchased a new stake in Skyworks Solutions during the third quarter worth approximately $789,000. Highland Capital Management LLC lifted its stake in Skyworks Solutions by 91.4% in the fourth quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock valued at $4,785,000 after buying an additional 20,330 shares during the last quarter. LSV Asset Management lifted its stake in Skyworks Solutions by 24.2% in the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after buying an additional 338,820 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Skyworks Solutions by 10,450.2% in the fourth quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer’s stock valued at $9,500,000 after buying an additional 83,706 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Skyworks Solutions by 3.1% in the third quarter. California Public Employees Retirement System now owns 321,152 shares of the semiconductor manufacturer’s stock valued at $31,662,000 after buying an additional 9,692 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS traded down $0.85 on Thursday, hitting $97.62. The company had a trading volume of 2,202,322 shares, compared to its average volume of 2,307,008. 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, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69. The business has a 50 day moving average of $104.77 and a 200 day moving average of $101.70. The company has a market cap of $15.64 billion, a PE ratio of 17.48, a PEG ratio of 1.84 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm posted $2.33 earnings per share. The firm’s revenue was down 9.6% on a year-over-year basis. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.79%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 48.23%.

Analyst Ratings Changes

A number of brokerages have weighed in on SWKS. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Piper Sandler reissued a “neutral” rating and issued a $90.00 target price on shares of Skyworks Solutions in a report on Thursday, January 4th. Susquehanna boosted their target price on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, TD Cowen boosted their target price on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.