Argent Trust Co Invests $243,000 in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Argent Trust Co bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,735 shares of the semiconductor manufacturer’s stock, valued at approximately $243,000.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Financial Advisors Inc. increased its position in Skyworks Solutions by 2.5% during the fourth quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer’s stock worth $566,000 after acquiring an additional 156 shares during the period. Bessemer Group Inc. grew its position in Skyworks Solutions by 1.7% in the 4th quarter. Bessemer Group Inc. now owns 43,952 shares of the semiconductor manufacturer’s stock worth $3,897,000 after purchasing an additional 744 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Skyworks Solutions during the 4th quarter worth about $7,947,000. APG Asset Management N.V. raised its position in shares of Skyworks Solutions by 343.3% during the fourth quarter. APG Asset Management N.V. now owns 109,502 shares of the semiconductor manufacturer’s stock valued at $9,378,000 after buying an additional 84,802 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $126,000. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Trading Up 5.0 %

SWKS stock opened at $56.54 on Friday. The business has a fifty day moving average of $65.28 and a 200-day moving average of $82.08. The company has a market cap of $8.87 billion, a P/E ratio of 17.34, a PEG ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month 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.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Analyst Ratings Changes

Several research firms have commented on SWKS. Rosenblatt Securities reaffirmed 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. Morgan Stanley cut their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Barclays decreased their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Argus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Piper Sandler decreased their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $83.78.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were 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 of the company’s stock, valued at $661,300. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.34% of the company’s stock.

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.