NEOS Investment Management LLC Acquires 1,238 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

NEOS Investment Management LLC boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 25.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,074 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,238 shares during the period. NEOS Investment Management LLC’s holdings in Skyworks Solutions were worth $539,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions during the 3rd quarter valued at about $27,000. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management bought a new position in shares of Skyworks Solutions in the fourth quarter worth approximately $33,000. Finally, Quest Partners LLC purchased a new position in shares of Skyworks Solutions in the third quarter worth $41,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Trading Down 3.3 %

Skyworks Solutions stock opened at $64.12 on Monday. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $73.20 and its two-hundred day simple moving average is $85.34. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18.

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

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.37%. Skyworks Solutions’s payout ratio is currently 85.89%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SWKS. The Goldman Sachs Group cut their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Piper Sandler lowered their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.78.

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.