Ajo LP boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1,204.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,196 shares of the semiconductor manufacturer’s stock after purchasing an additional 55,580 shares during the quarter. Ajo LP’s holdings in Skyworks Solutions were worth $8,757,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in SWKS. JJJ Advisors Inc. raised its position in shares of Skyworks Solutions by 810.0% during the third quarter. JJJ Advisors Inc. now owns 182 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 162 shares during the period. Berman Capital Advisors LLC grew its position in Skyworks Solutions by 103.1% during the 2nd quarter. Berman Capital Advisors LLC now owns 199 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 101 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new position in Skyworks Solutions during the 2nd quarter worth approximately $26,000. Estabrook Capital Management grew its position in Skyworks Solutions by 71.4% during the 2nd quarter. Estabrook Capital Management now owns 240 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 100 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in Skyworks Solutions by 76.6% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $35,000 after acquiring an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 76.89% of the company’s stock.
Several research firms recently issued reports on SWKS. Craig Hallum raised their price target on Skyworks Solutions from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. B. Riley reiterated a “buy” rating and issued a $195.00 price objective (up from $190.00) on shares of Skyworks Solutions in a research report on Tuesday, November 3rd. Cowen lifted their price objective on Skyworks Solutions from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 3rd. Zacks Investment Research lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $148.00 price objective on the stock. in a research report on Monday, November 2nd. Finally, Needham & Company LLC lifted their price objective on Skyworks Solutions from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $148.81.
SWKS opened at $140.39 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $67.90 and a fifty-two week high of $158.61. The company has a market capitalization of $23.32 billion, a P/E ratio of 30.85, a P/E/G ratio of 2.00 and a beta of 1.21. The stock has a fifty day moving average of $146.98 and a 200-day moving average of $135.42.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Monday, November 2nd. The semiconductor manufacturer reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.33. Skyworks Solutions had a return on equity of 20.73% and a net margin of 24.13%. The company had revenue of $956.60 million during the quarter, compared to the consensus estimate of $840.61 million. During the same quarter last year, the firm earned $1.52 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 4.92 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, November 18th. Skyworks Solutions’s dividend payout ratio is currently 35.03%.
Skyworks Solutions Company Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators, as well as wireless radio integrated circuits.
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