EntryPoint Capital LLC Purchases 3,920 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

EntryPoint Capital LLC increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 115.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,326 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,920 shares during the quarter. EntryPoint Capital LLC’s holdings in Skyworks Solutions were worth $650,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions during the 3rd quarter worth about $27,000. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions in the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions during the fourth quarter worth about $29,000. Picton Mahoney Asset Management acquired a new stake in Skyworks Solutions during the fourth quarter valued at approximately $33,000. Finally, Quest Partners LLC bought a new stake in shares of Skyworks Solutions in the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on SWKS shares. Bank of America decreased their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Barclays decreased their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $69.02 on Tuesday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The stock has a market capitalization of $11.09 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.79 and a beta of 1.18. The business has a 50-day moving average price of $75.26 and a two-hundred day moving average price of $86.28.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Equities analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.06%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Insider Buying and Selling

In related news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by insiders.

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.