Vest Financial LLC Raises Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vest Financial LLC boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 28.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,185 shares of the semiconductor manufacturer’s stock after acquiring an additional 696 shares during the period. Vest Financial LLC’s holdings in Skyworks Solutions were worth $282,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Forsta AP Fonden grew its position in shares of Skyworks Solutions by 27.0% in the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock valued at $3,674,000 after purchasing an additional 7,900 shares during the period. Versor Investments LP boosted its stake in Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock worth $1,966,000 after buying an additional 10,658 shares during the last quarter. Van ECK Associates Corp grew its holdings in Skyworks Solutions by 25.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock valued at $152,915,000 after buying an additional 325,672 shares during the period. Barclays PLC increased its stake in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after acquiring an additional 949,407 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock worth $3,615,000 after acquiring an additional 6,151 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Stifel Nicolaus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price target for the stock from $105.00 to $62.00 in a research report on Thursday. Barclays lowered their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Craig Hallum reduced their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. JPMorgan Chase & Co. dropped their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Finally, Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $105.00 to $62.00 in a research note on Thursday. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Trading Up 0.1 %

Shares of SWKS opened at $65.69 on Monday. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The stock has a 50-day moving average price of $88.93 and a 200 day moving average price of $94.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.94. The company has a market capitalization of $10.56 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.45 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results 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%. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is currently 85.89%.

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.