Bernard Wealth Management Corp. Makes New Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bernard Wealth Management Corp. purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,424 shares of the semiconductor manufacturer’s stock, valued at approximately $126,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWKS. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions during the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions during the fourth quarter worth $29,000. Picton Mahoney Asset Management purchased a new stake in shares of Skyworks Solutions during the 4th quarter valued at $33,000. Manchester Capital Management LLC boosted its position in shares of Skyworks Solutions by 325.2% in the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock worth $49,000 after purchasing an additional 426 shares in the last quarter. Finally, VSM Wealth Advisory LLC purchased a new position in Skyworks Solutions during the 4th quarter worth $56,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 1.1 %

SWKS stock opened at $53.38 on Tuesday. Skyworks Solutions, Inc. has a 52-week low of $49.80 and a 52-week high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The firm has a market cap of $8.37 billion, a P/E ratio of 16.37, a PEG ratio of 1.79 and a beta of 1.21. The company’s 50-day simple moving average is $69.28 and its 200-day simple moving average is $83.68.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS 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, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.25%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Insider Transactions at Skyworks Solutions

In other news, CEO Philip G. Brace acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SWKS. Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. B. Riley cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Finally, Piper Sandler dropped their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average 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.