Hillsdale Investment Management Inc. lowered its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 40.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,170 shares of the semiconductor manufacturer’s stock after selling 24,300 shares during the period. Hillsdale Investment Management Inc.’s holdings in Skyworks Solutions were worth $2,294,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Fideuram Asset Management Ireland dac acquired a new stake in shares of Skyworks Solutions in the 4th quarter worth $29,000. Geode Capital Management LLC lifted its stake in shares of Skyworks Solutions by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 4,336,603 shares of the semiconductor manufacturer’s stock worth $275,440,000 after acquiring an additional 11,368 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of Skyworks Solutions in the 4th quarter worth $46,000. Steel Grove Capital Advisors LLC lifted its stake in shares of Skyworks Solutions by 123.0% in the 4th quarter. Steel Grove Capital Advisors LLC now owns 6,403 shares of the semiconductor manufacturer’s stock worth $406,000 after acquiring an additional 3,532 shares during the period. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in shares of Skyworks Solutions in the 4th quarter worth $1,388,000. Institutional investors and hedge funds own 85.43% of the company’s stock.
Skyworks Solutions Price Performance
Shares of NASDAQ SWKS opened at $77.85 on Monday. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a 52 week low of $51.93 and a 52 week high of $90.90. The firm has a 50-day moving average price of $63.42 and a 200 day moving average price of $62.30. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 32.30 and a beta of 1.50.
Skyworks Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio (DPR) is 117.84%.
Wall Street Analyst Weigh In
Several analysts have recently commented on SWKS shares. JPMorgan Chase & Co. raised 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. Barclays upgraded shares of Skyworks Solutions from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $60.00 to $70.00 in a research note on Wednesday, April 22nd. Argus upgraded shares of Skyworks Solutions to a “hold” rating in a research note on Friday, February 6th. UBS Group raised their price objective on shares of Skyworks Solutions from $63.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, TD Cowen raised their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $76.61.
Read Our Latest Research 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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