Louisiana State Employees Retirement System Buys New Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Louisiana State Employees Retirement System purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,600 shares of the semiconductor manufacturer’s stock, valued at approximately $1,079,000.

A number of other hedge funds have also modified their holdings of SWKS. HB Wealth Management LLC boosted its position in shares of Skyworks Solutions by 22.4% in the third quarter. HB Wealth Management LLC now owns 2,428 shares of the semiconductor manufacturer’s stock worth $239,000 after purchasing an additional 445 shares during the period. GHP Investment Advisors Inc. boosted its position in shares of Skyworks Solutions by 57.1% in the third quarter. GHP Investment Advisors Inc. now owns 15,877 shares of the semiconductor manufacturer’s stock worth $1,502,000 after purchasing an additional 5,768 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Skyworks Solutions by 5.7% in the third quarter. Exchange Traded Concepts LLC now owns 57,291 shares of the semiconductor manufacturer’s stock worth $5,648,000 after purchasing an additional 3,109 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Skyworks Solutions by 5.7% in the third quarter. Koshinski Asset Management Inc. now owns 4,666 shares of the semiconductor manufacturer’s stock worth $460,000 after purchasing an additional 251 shares during the period. Finally, Czech National Bank boosted its position in shares of Skyworks Solutions by 47.9% in the third quarter. Czech National Bank now owns 27,858 shares of the semiconductor manufacturer’s stock worth $2,747,000 after purchasing an additional 9,018 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SWKS shares. StockNews.com lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. TD Cowen upped their target price on shares of Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Rosenblatt Securities restated a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a research report on Wednesday, January 31st. Susquehanna upped their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Finally, Piper Sandler restated a “neutral” rating and set a $90.00 target price on shares of Skyworks Solutions in a research report on Thursday, January 4th. 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 MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $115.10.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $99.30 on Wednesday. The firm has a 50-day moving average price of $104.21 and a 200-day moving average price of $101.73. The firm has a market capitalization of $15.91 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.78 and a beta of 1.37. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) 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 analyst estimates of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The business’s revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the business earned $2.33 EPS. As a group, equities research analysts forecast that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were issued a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 2.74%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 48.23%.

Skyworks Solutions 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.