Glenview Trust co Purchases 931 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Glenview Trust co increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,401 shares of the semiconductor manufacturer’s stock after buying an additional 931 shares during the quarter. Glenview Trust co’s holdings in Skyworks Solutions were worth $3,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SWKS. Erste Asset Management GmbH acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth about $27,000. Golden State Wealth Management LLC bought a new position in Skyworks Solutions in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $29,000. Investors Research Corp boosted its holdings in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new position in shares of Skyworks Solutions in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on SWKS shares. Argus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Piper Sandler dropped their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $83.78.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Performance

SWKS opened at $69.40 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The firm has a market cap of $11.16 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The business’s fifty day moving average is $77.92 and its 200-day moving average is $87.81.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) 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%. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.03%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

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.