SG Americas Securities LLC lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 24.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 48,143 shares of the semiconductor manufacturer’s stock after selling 15,278 shares during the quarter. SG Americas Securities LLC’s holdings in Skyworks Solutions were worth $2,578,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $121,304,000. FIL Ltd boosted its holdings in Skyworks Solutions by 50.5% in the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock worth $329,111,000 after buying an additional 1,742,338 shares during the last quarter. Capital Research Global Investors purchased a new stake in Skyworks Solutions during the 4th quarter worth approximately $102,279,000. Marshall Wace LLP increased its stake in Skyworks Solutions by 391.3% during the 3rd quarter. Marshall Wace LLP now owns 537,814 shares of the semiconductor manufacturer’s stock worth $41,401,000 after buying an additional 722,414 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Skyworks Solutions by 22.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,859,197 shares of the semiconductor manufacturer’s stock valued at $244,720,000 after acquiring an additional 717,724 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.
Skyworks Solutions Price Performance
NASDAQ:SWKS opened at $67.80 on Wednesday. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90. The stock has a market cap of $10.20 billion, a PE ratio of 28.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38. The stock has a 50 day moving average price of $71.15 and a 200 day moving average price of $63.39.
Skyworks Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th were issued a $0.71 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.2%. Skyworks Solutions’s dividend payout ratio is currently 117.84%.
Analyst Ratings Changes
Several analysts recently commented on SWKS shares. Royal Bank Of Canada boosted their price target on Skyworks Solutions from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. lifted their target price on shares of Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Mizuho reaffirmed an “underperform” rating and set a $46.00 target price (down from $60.00) on shares of Skyworks Solutions in a report on Monday, April 20th. Citigroup increased their target price on shares of Skyworks Solutions from $63.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, B. Riley Financial raised their price target on shares of Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and an average target price of $77.06.
View Our Latest Research Report on SWKS
Skyworks Solutions 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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