Cooper Creek Partners Management LLC Invests $15 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cooper Creek Partners Management LLC bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 169,186 shares of the semiconductor manufacturer’s stock, valued at approximately $15,003,000. Cooper Creek Partners Management LLC owned about 0.11% of Skyworks Solutions as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Resonant Capital Advisors LLC lifted its stake in Skyworks Solutions by 5.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock valued at $267,000 after acquiring an additional 143 shares during the period. Savant Capital LLC raised its holdings in shares of Skyworks Solutions by 5.0% during the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock worth $271,000 after purchasing an additional 144 shares during the last quarter. Legacy Financial Advisors Inc. lifted 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 valued at $566,000 after purchasing an additional 156 shares during the period. Motley Fool Asset Management LLC boosted its holdings in Skyworks Solutions by 7.5% in the fourth quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer’s stock valued at $209,000 after purchasing an additional 165 shares during the last quarter. Finally, Principal Securities Inc. grew its position in Skyworks Solutions by 7.5% during the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer’s stock worth $213,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SWKS shares. Piper Sandler decreased their price objective on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Citigroup boosted their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th. Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Barclays cut their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Trading Up 5.0 %

Shares of SWKS opened at $56.54 on Friday. The firm’s fifty day moving average is $65.28 and its two-hundred day moving average is $82.08. The stock has a market cap of $8.87 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. 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, Inc. has a 52-week low of $47.93 and a 52-week high of $120.86.

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 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%. Research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is currently owned by company insiders.

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.