Skyworks Solutions, Inc. (NASDAQ:SWKS) Position Lowered by Bleakley Financial Group LLC

Bleakley Financial Group LLC lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,846 shares of the semiconductor manufacturer’s stock after selling 200 shares during the period. Bleakley Financial Group LLC’s holdings in Skyworks Solutions were worth $208,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SWKS. Panagora Asset Management Inc. lifted its holdings in Skyworks Solutions by 54.0% in the first quarter. Panagora Asset Management Inc. now owns 10,415 shares of the semiconductor manufacturer’s stock worth $1,388,000 after acquiring an additional 3,654 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Skyworks Solutions in the first quarter valued at approximately $11,382,000. Raymond James Trust N.A. increased its stake in shares of Skyworks Solutions by 7.8% in the first quarter. Raymond James Trust N.A. now owns 2,328 shares of the semiconductor manufacturer’s stock valued at $310,000 after purchasing an additional 169 shares during the period. Prudential PLC acquired a new stake in shares of Skyworks Solutions in the first quarter valued at approximately $429,000. Finally, Moors & Cabot Inc. increased its stake in shares of Skyworks Solutions by 9.7% in the first quarter. Moors & Cabot Inc. now owns 7,249 shares of the semiconductor manufacturer’s stock valued at $966,000 after purchasing an additional 643 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 1.2 %

Skyworks Solutions stock opened at $99.01 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The firm has a market cap of $15.86 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.88 and a beta of 1.37. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $115.69. The firm’s 50 day moving average price is $104.87 and its two-hundred day moving average price is $101.72.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.33 earnings per share. On average, research analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 2.75%. Skyworks Solutions’s dividend payout ratio (DPR) is 48.23%.

Wall Street Analyst Weigh In

Several brokerages have commented on SWKS. Susquehanna raised their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. B. Riley raised their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research note on Wednesday, January 31st. Finally, Piper Sandler restated a “neutral” rating and issued a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $115.10.

About Skyworks Solutions

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.