Howard Capital Management Inc. Raises Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Howard Capital Management Inc. raised its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,019 shares of the semiconductor manufacturer’s stock after purchasing an additional 745 shares during the period. Howard Capital Management Inc.’s holdings in Skyworks Solutions were worth $3,017,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SWKS. Erste Asset Management GmbH bought a new stake in Skyworks Solutions during the third quarter valued at about $27,000. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions during the fourth quarter valued at about $28,000. Investors Research Corp raised its holdings in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 213 shares during the period. Valley Wealth Managers Inc. purchased a new position in shares of Skyworks Solutions during the third quarter valued at about $40,000. Finally, Quest Partners LLC purchased a new position in shares of Skyworks Solutions during the third quarter valued at about $41,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Down 0.2 %

Shares of NASDAQ SWKS opened at $67.21 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The company has a market cap of $10.80 billion, a P/E ratio of 20.62, a PEG ratio of 1.79 and a beta of 1.14. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The firm has a 50-day simple moving average of $84.49 and a two-hundred day simple moving average of $91.92.

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 return on equity of 12.60% and a net margin of 13.02%. Research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SWKS. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Susquehanna cut their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Loop Capital began coverage on Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Craig Hallum cut their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price objective for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions 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.