Western Wealth Management LLC bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 22,810 shares of the semiconductor manufacturer’s stock, valued at approximately $1,221,000.
A number of other institutional investors have also made changes to their positions in SWKS. Parallel Advisors LLC lifted its holdings in Skyworks Solutions by 5.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after purchasing an additional 163 shares during the last quarter. Beacon Pointe Advisors LLC increased its holdings in shares of Skyworks Solutions by 4.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock valued at $282,000 after purchasing an additional 200 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Skyworks Solutions by 2.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,881 shares of the semiconductor manufacturer’s stock valued at $505,000 after purchasing an additional 213 shares during the last quarter. Unison Advisors LLC raised its position in shares of Skyworks Solutions by 1.2% in the first quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock valued at $986,000 after purchasing an additional 219 shares during the period. Finally, Global Retirement Partners LLC raised its position in shares of Skyworks Solutions by 16.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,672 shares of the semiconductor manufacturer’s stock valued at $106,000 after purchasing an additional 230 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.
Skyworks Solutions Trading Up 2.0%
Shares of Skyworks Solutions stock opened at $69.68 on Thursday. The firm has a 50-day moving average of $66.33 and a 200-day moving average of $63.38. The stock has a market cap of $10.48 billion, a PE ratio of 36.10 and a beta of 1.51. Skyworks Solutions, Inc. has a 52-week low of $51.93 and a 52-week high of $90.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 14th. B. Riley Financial raised their price objective on shares of Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Finally, UBS Group upped their target price on Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $74.22.
View Our Latest Stock Report on SWKS
Skyworks Solutions Company Profile
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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