Harvest Investment Advisors LLC acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 25,678 shares of the semiconductor manufacturer’s stock, valued at approximately $1,628,000.
Other hedge funds have also made changes to their positions in the company. AlphaQuest LLC lifted its holdings in shares of Skyworks Solutions by 662.4% in 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 during the period. JPMorgan Chase & Co. lifted its holdings in shares of Skyworks Solutions by 2.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,163,728 shares of the semiconductor manufacturer’s stock worth $89,584,000 after buying an additional 29,444 shares during the period. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Skyworks Solutions in the 4th quarter worth $1,388,000. Vanguard Group Inc. lifted its holdings in shares of Skyworks Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock worth $1,338,198,000 after buying an additional 389,168 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Skyworks Solutions by 1,718.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer’s stock worth $7,980,000 after buying an additional 118,909 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.
Skyworks Solutions Trading Down 6.3%
Shares of NASDAQ SWKS opened at $71.42 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70. The stock has a market capitalization of $10.74 billion, a P/E ratio of 29.63 and a beta of 1.50. Skyworks Solutions, Inc. has a 1-year low of $51.93 and a 1-year high of $90.90. The business has a fifty day moving average price of $68.38 and a 200 day moving average price of $63.19.
Skyworks Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio is 117.84%.
Analyst Ratings Changes
SWKS has been the subject of several research reports. Citigroup upped their target price on Skyworks Solutions from $63.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Craig Hallum upped their target price on Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. TD Cowen upped their target price on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. BNP Paribas Exane upped their target price on Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Finally, Mizuho reiterated an “underperform” rating and issued a $46.00 target price (down from $60.00) on shares of Skyworks Solutions in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average target price 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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