Daiwa Securities Group Inc. raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 66.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,024 shares of the semiconductor manufacturer’s stock after purchasing an additional 12,386 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Skyworks Solutions were worth $1,967,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SWKS. Quest 10 Wealth Builders Inc. lifted its position in shares of Skyworks Solutions by 488.6% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 342 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth about $32,000. MUFG Securities EMEA plc acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth about $33,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Skyworks Solutions during the 4th quarter worth about $29,000. Finally, Sound Income Strategies LLC raised its holdings in Skyworks Solutions by 137.1% in the 4th quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.
Skyworks Solutions Stock Performance
SWKS stock opened at $73.56 on Wednesday. The business’s fifty day moving average is $66.48 and its 200-day moving average is $62.84. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. The company has a market cap of $11.06 billion, a P/E ratio of 30.52 and a beta of 1.50. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90.
Skyworks Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.9%. Skyworks Solutions’s dividend payout ratio is 117.84%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on SWKS shares. TD Cowen upped their price target on Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Stifel Nicolaus increased 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. Morgan Stanley increased their target price on Skyworks Solutions from $69.00 to $76.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Barclays upgraded Skyworks Solutions from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $60.00 to $70.00 in a research report on Wednesday, April 22nd. Finally, KeyCorp increased their price target on Skyworks Solutions from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $76.61.
Get Our Latest 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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