VSM Wealth Advisory LLC Takes Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

VSM Wealth Advisory LLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 630 shares of the semiconductor manufacturer’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of Skyworks Solutions in the third quarter valued at about $380,000. OneDigital Investment Advisors LLC lifted its position in Skyworks Solutions by 6.2% in the third quarter. OneDigital Investment Advisors LLC now owns 4,501 shares of the semiconductor manufacturer’s stock valued at $445,000 after purchasing an additional 263 shares during the period. CIBC Asset Management Inc boosted its holdings in Skyworks Solutions by 6.7% in the 3rd quarter. CIBC Asset Management Inc now owns 27,273 shares of the semiconductor manufacturer’s stock valued at $2,694,000 after purchasing an additional 1,709 shares in the last quarter. Quest Partners LLC acquired a new position in Skyworks Solutions during the 3rd quarter worth approximately $41,000. Finally, Pathstone Holdings LLC raised its stake in shares of Skyworks Solutions by 6.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,640 shares of the semiconductor manufacturer’s stock worth $2,236,000 after buying an additional 1,433 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. The Goldman Sachs Group decreased their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Barclays decreased their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Rosenblatt Securities reiterated a “neutral” rating and issued a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Price Performance

SWKS opened at $70.05 on Thursday. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The company’s 50 day simple moving average is $76.63 and its 200 day simple moving average is $87.15. The stock has a market capitalization of $11.26 billion, a PE ratio of 21.49, a P/E/G ratio of 1.79 and a beta of 1.18. 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 (NASDAQ:SWKS) last announced 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 net margin of 13.02% and a return on equity of 12.60%. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 4.00%. Skyworks Solutions’s dividend payout ratio (DPR) is 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.