Metis Global Partners LLC Purchases 192 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Metis Global Partners LLC lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,339 shares of the semiconductor manufacturer’s stock after purchasing an additional 192 shares during the period. Metis Global Partners LLC’s holdings in Skyworks Solutions were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SWKS. Empirical Finance LLC grew its holdings in Skyworks Solutions by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock valued at $551,000 after buying an additional 121 shares in the last quarter. Arvest Investments Inc. grew its stake in shares of Skyworks Solutions by 1.1% in the third quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock valued at $1,257,000 after acquiring an additional 133 shares in the last quarter. Resources Management Corp CT ADV increased its position in Skyworks Solutions by 3.4% during the third quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after acquiring an additional 142 shares during the period. Resonant Capital Advisors LLC raised its stake in Skyworks Solutions by 5.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after purchasing an additional 143 shares in the last quarter. Finally, Savant Capital LLC boosted its holdings in Skyworks Solutions by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock valued at $271,000 after purchasing an additional 144 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This trade 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 the SEC website. 0.34% of the stock is owned by company insiders.

Skyworks Solutions Price Performance

Shares of SWKS opened at $67.39 on Thursday. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The stock has a market cap of $10.83 billion, a PE ratio of 20.67, a PEG ratio of 1.79 and a beta of 1.14. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The business has a 50-day simple moving average of $81.17 and a two-hundred day simple moving average of $89.97.

Skyworks Solutions (NASDAQ:SWKS) last released 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%. Analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm 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 4.15%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is currently 85.89%.

Wall Street Analyst Weigh In

SWKS has been the subject of a number of analyst reports. Susquehanna dropped their price target on shares of 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 assumed coverage on Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus price target of $83.78.

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.