J.W. Cole Advisors Inc. Makes New Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

J.W. Cole Advisors Inc. acquired a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,175 shares of the semiconductor manufacturer’s stock, valued at approximately $469,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. HB Wealth Management LLC grew its holdings in Skyworks Solutions by 22.4% during the 3rd quarter. HB Wealth Management LLC now owns 2,428 shares of the semiconductor manufacturer’s stock valued at $239,000 after purchasing an additional 445 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in Skyworks Solutions by 57.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 15,877 shares of the semiconductor manufacturer’s stock valued at $1,502,000 after purchasing an additional 5,768 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Skyworks Solutions by 5.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 57,291 shares of the semiconductor manufacturer’s stock valued at $5,648,000 after purchasing an additional 3,109 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in Skyworks Solutions by 5.7% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,666 shares of the semiconductor manufacturer’s stock valued at $460,000 after purchasing an additional 251 shares during the last quarter. Finally, Czech National Bank grew its holdings in Skyworks Solutions by 47.9% during the 3rd quarter. Czech National Bank now owns 27,858 shares of the semiconductor manufacturer’s stock valued at $2,747,000 after purchasing an additional 9,018 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

Shares of SWKS opened at $99.30 on Wednesday. The company has a 50 day moving average price of $104.21 and a 200-day moving average price of $101.73. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The stock has a market capitalization of $15.91 billion, a PE ratio of 17.61, a PEG ratio of 1.82 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company posted $2.33 earnings per share. Skyworks Solutions’s revenue for the quarter was down 9.6% compared to the same quarter last year. Equities analysts predict that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were given a dividend of $0.68 per share. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.74%. Skyworks Solutions’s payout ratio is 48.23%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SWKS. Susquehanna upped their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. 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 note on Wednesday, January 31st. B. Riley upped their target price on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Rosenblatt Securities restated a “buy” rating and issued a $130.00 target price on shares of Skyworks Solutions in a research note on Wednesday, January 31st. Finally, Piper Sandler restated a “neutral” rating and issued a $90.00 target price on shares of Skyworks Solutions in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.10.

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.