Fox Run Management L.L.C. bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,710 shares of the semiconductor manufacturer’s stock, valued at approximately $276,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Place Capital Corp raised its holdings in shares of Skyworks Solutions by 62.1% during the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 141 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Skyworks Solutions during the 2nd quarter valued at $28,000. CVA Family Office LLC boosted its position in Skyworks Solutions by 424.1% during the 2nd quarter. CVA Family Office LLC now owns 566 shares of the semiconductor manufacturer’s stock worth $42,000 after acquiring an additional 458 shares during the period. Spire Wealth Management grew its stake in shares of Skyworks Solutions by 61.9% in the second quarter. Spire Wealth Management now owns 612 shares of the semiconductor manufacturer’s stock worth $46,000 after purchasing an additional 234 shares in the last quarter. Finally, Costello Asset Management INC grew its stake in shares of Skyworks Solutions by 61.1% in the first quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer’s stock worth $51,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.
Skyworks Solutions Price Performance
Shares of NASDAQ SWKS opened at $68.17 on Friday. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $95.46. The company has a current ratio of 2.39, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average of $75.22 and a two-hundred day moving average of $73.17. The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 27.27 and a beta of 1.21.
Skyworks Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $2.84 annualized dividend and a dividend yield of 4.2%. Skyworks Solutions’s dividend payout ratio is currently 92.51%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Susquehanna lifted their price objective on shares of Skyworks Solutions from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Citigroup raised shares of Skyworks Solutions from a “sell” rating to a “neutral” rating and raised their target price for the company from $66.00 to $105.00 in a research note on Wednesday, October 29th. Piper Sandler upgraded shares of Skyworks Solutions from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $140.00 in a research report on Wednesday, October 29th. Mizuho raised shares of Skyworks Solutions from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $65.00 to $73.00 in a research note on Tuesday. Finally, KeyCorp set a $105.00 price objective on shares of Skyworks Solutions and gave the company an “overweight” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $83.18.
View Our Latest Report on Skyworks Solutions
Skyworks Solutions Company Profile
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.
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