Leonteq Securities AG lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 90.4% during the first quarter, Holdings Channel reports. The fund owned 9,811 shares of the semiconductor manufacturer’s stock after selling 92,689 shares during the quarter. Leonteq Securities AG’s holdings in Skyworks Solutions were worth $525,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Quest 10 Wealth Builders Inc. boosted its stake in Skyworks Solutions by 488.6% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 342 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Skyworks Solutions during the 2nd quarter valued at $32,000. MUFG Securities EMEA plc acquired a new stake in Skyworks Solutions during the 2nd quarter valued at $33,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Skyworks Solutions in the fourth quarter valued at $29,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Skyworks Solutions by 137.1% in the fourth quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.
Skyworks Solutions Stock Performance
Shares of SWKS opened at $62.56 on Friday. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 25.96 and a beta of 1.50. The company’s fifty day moving average is $71.35 and its 200-day moving average is $63.34. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90.
Skyworks Solutions Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio is 117.84%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on SWKS. Morgan Stanley lifted their price target on Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada raised their price objective on Skyworks Solutions from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Tuesday, June 23rd. KeyCorp lifted their target price on Skyworks Solutions from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Craig Hallum upped their target price on Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $77.06.
Get Our Latest Stock Analysis on SWKS
Skyworks Solutions Profile
Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.
Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.
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