New Age Alpha Advisors LLC Makes New Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

New Age Alpha Advisors LLC bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 744 shares of the semiconductor manufacturer’s stock, valued at approximately $66,000.

Several other large investors have also recently made changes to their positions in SWKS. Townsquare Capital LLC acquired a new position in shares of Skyworks Solutions in the third quarter worth about $202,000. Public Sector Pension Investment Board increased its stake in shares of Skyworks Solutions by 11.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,848 shares of the semiconductor manufacturer’s stock valued at $676,000 after purchasing an additional 700 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Skyworks Solutions by 23.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 26,783 shares of the semiconductor manufacturer’s stock worth $2,646,000 after purchasing an additional 5,036 shares during the period. Erste Asset Management GmbH purchased a new position in Skyworks Solutions during the third quarter worth approximately $27,000. Finally, Benjamin Edwards Inc. acquired a new stake in Skyworks Solutions in the third quarter valued at approximately $1,996,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost 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 approximately $661,300. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Down 12.4 %

Shares of Skyworks Solutions stock opened at $56.76 on Friday. The stock has a 50 day moving average of $70.78 and a 200 day moving average of $84.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a fifty-two week low of $56.75 and a fifty-two week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released 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%. As a group, research 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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SWKS shares. Citigroup upped their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Piper Sandler cut their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Bank of America decreased their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Finally, Morgan Stanley cut their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.