ProShare Advisors LLC Purchases 15,095 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

ProShare Advisors LLC raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,601 shares of the semiconductor manufacturer’s stock after acquiring an additional 15,095 shares during the period. ProShare Advisors LLC owned approximately 0.09% of Skyworks Solutions worth $12,557,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stephens Inc. AR increased its position in shares of Skyworks Solutions by 9.5% in the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock valued at $380,000 after acquiring an additional 372 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Skyworks Solutions by 126.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock worth $9,047,000 after purchasing an additional 57,146 shares during the last quarter. Barclays PLC lifted its holdings in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after purchasing an additional 949,407 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions in the fourth quarter valued at approximately $29,000. Finally, Proficio Capital Partners LLC purchased a new stake in Skyworks Solutions in the fourth quarter valued at approximately $2,509,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays lifted their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an “underweight” rating in a research note on Thursday, May 8th. Rosenblatt Securities restated a “neutral” rating and set a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price objective on Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Finally, Piper Sandler dropped their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $78.29.

Insider Buying and Selling

In other news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was acquired 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 directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is owned by company insiders.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $73.32 on Friday. 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 fifty-two week low of $47.93 and a fifty-two week high of $120.86. The stock has a market capitalization of $11.01 billion, a PE ratio of 22.49, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a fifty day moving average of $63.39 and a two-hundred day moving average of $76.45.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. During the same quarter in the prior year, the firm earned $1.55 earnings per share. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions’s dividend payout ratio is currently 109.80%.

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.