Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,230 shares of the semiconductor manufacturer’s stock after purchasing an additional 766 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Skyworks Solutions were worth $730,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SWKS. Stephens Inc. AR grew its holdings in shares of Skyworks Solutions by 9.5% during the fourth quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock valued at $380,000 after purchasing an additional 372 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Skyworks Solutions by 126.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock valued at $9,047,000 after purchasing an additional 57,146 shares during the last quarter. Barclays PLC grew its holdings in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions during the fourth quarter valued at approximately $29,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Skyworks Solutions during the fourth quarter valued at approximately $2,509,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Philip G. Brace bought 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on SWKS. Barclays upped their target price on Skyworks Solutions from $45.00 to $52.00 and gave the company an “underweight” rating in a report on Thursday, May 8th. Bank of America lowered their target price on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday, February 6th. Piper Sandler lowered their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Finally, Morgan Stanley decreased their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $78.29.

Skyworks Solutions Stock Performance

SWKS opened at $73.32 on Friday. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The business has a 50 day moving average price of $63.39 and a two-hundred day moving average price of $76.35.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 earnings per share. Research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a $0.70 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.82%. Skyworks Solutions’s dividend payout ratio (DPR) is 109.80%.

Skyworks Solutions 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.