Geode Capital Management LLC lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,336,603 shares of the semiconductor manufacturer’s stock after buying an additional 11,368 shares during the period. Geode Capital Management LLC’s holdings in Skyworks Solutions were worth $275,440,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Employees Retirement System of Texas purchased a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $46,000. Steel Grove Capital Advisors LLC raised its stake in shares of Skyworks Solutions by 123.0% during the 4th quarter. Steel Grove Capital Advisors LLC now owns 6,403 shares of the semiconductor manufacturer’s stock worth $406,000 after buying an additional 3,532 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $1,388,000. AlphaQuest LLC raised its stake in shares of Skyworks Solutions by 662.4% during the 4th quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer’s stock worth $3,383,000 after buying an additional 46,357 shares in the last quarter. Finally, Kestra Investment Management LLC raised its stake in shares of Skyworks Solutions by 6.7% during the 4th quarter. Kestra Investment Management LLC now owns 19,773 shares of the semiconductor manufacturer’s stock worth $1,254,000 after buying an additional 1,236 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.
Skyworks Solutions Price Performance
SWKS stock opened at $75.49 on Tuesday. Skyworks Solutions, Inc. has a 52-week low of $51.93 and a 52-week high of $90.90. The stock’s fifty day simple moving average is $63.85 and its 200-day simple moving average is $62.35. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 31.32 and a beta of 1.50.
Skyworks Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio (DPR) is 117.84%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on SWKS. Weiss Ratings reissued a “sell (d+)” rating on shares of Skyworks Solutions in a research note on Wednesday, May 6th. UBS Group raised their price objective on Skyworks Solutions from $63.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. BNP Paribas Exane raised their price objective on Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. TD Cowen raised their price objective on Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley raised their price objective on Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $76.61.
View Our Latest Stock Analysis on SWKS
About Skyworks Solutions
Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.
Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.
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