Keudell Morrison Wealth Management Has $258,000 Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Keudell Morrison Wealth Management decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,999 shares of the semiconductor manufacturer’s stock after selling 712 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Skyworks Solutions were worth $258,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Skyworks Solutions in the fourth quarter valued at $29,000. Picton Mahoney Asset Management acquired a new stake in Skyworks Solutions in the fourth quarter valued at $33,000. Mattson Financial Services LLC acquired a new stake in Skyworks Solutions in the fourth quarter valued at $37,000. MassMutual Private Wealth & Trust FSB lifted its stake in Skyworks Solutions by 60.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 223 shares during the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in Skyworks Solutions by 450.7% in the first quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer’s stock valued at $50,000 after acquiring an additional 631 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

SWKS stock opened at $72.35 on Tuesday. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $120.86. The firm has a market cap of $10.86 billion, a P/E ratio of 28.37, a P/E/G ratio of 1.81 and a beta of 1.16. The company’s 50-day moving average price is $67.87 and its two-hundred day moving average price is $73.46.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The firm had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. During the same period last year, the firm earned $1.55 EPS. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 109.80%.

Analyst Upgrades and Downgrades

A number of analysts have commented on SWKS shares. JPMorgan Chase & Co. cut their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Stifel Nicolaus raised their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, May 8th. Barclays raised their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an “underweight” rating in a research note on Thursday, May 8th. Finally, UBS Group cut their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $78.29.

About Skyworks Solutions

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.