3,048 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,048 shares of the semiconductor manufacturer’s stock, valued at approximately $343,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth about $26,000. Fortis Capital Advisors LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth about $27,000. Tyler Stone Wealth Management acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth about $29,000. Global Wealth Management Investment Advisory Inc. increased its position in shares of Skyworks Solutions by 98.1% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 155 shares during the last quarter. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Skyworks Solutions during the 3rd quarter worth about $34,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Rosenblatt Securities restated a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a report on Wednesday, January 31st. Piper Sandler restated a “neutral” rating and set a $90.00 target price on shares of Skyworks Solutions in a report on Thursday, January 4th. StockNews.com cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. TD Cowen raised their target price on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, B. Riley raised their target price on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $115.10.

Skyworks Solutions Price Performance

SWKS stock opened at $97.62 on Friday. The business has a 50 day moving average price of $104.63 and a 200 day moving average price of $101.67. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.84 and a beta of 1.37. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16.

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

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s payout ratio is 48.23%.

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.