Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 1,718.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 125,830 shares of the semiconductor manufacturer’s stock after acquiring an additional 118,909 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Skyworks Solutions were worth $7,980,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. United Services Automobile Association acquired a new stake in Skyworks Solutions in the first quarter worth $236,000. Focus Partners Wealth raised its holdings in shares of Skyworks Solutions by 99.0% during the first quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock valued at $611,000 after purchasing an additional 4,702 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Skyworks Solutions by 137.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock valued at $171,000 after purchasing an additional 1,330 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Skyworks Solutions during the 2nd quarter worth about $259,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at about $1,004,000. 85.43% of the stock is owned by institutional investors.
Skyworks Solutions Trading Down 1.1%
SWKS opened at $69.40 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $90.90. The firm has a market capitalization of $10.44 billion, a PE ratio of 26.69 and a beta of 1.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.40 and a quick ratio of 1.80. The company’s 50-day moving average is $57.35 and its 200 day moving average is $62.65.
Skyworks Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, February 24th were issued a dividend of $0.71 per share. The ex-dividend date was Tuesday, February 24th. This represents a $2.84 annualized dividend and a yield of 4.1%. Skyworks Solutions’s dividend payout ratio is 109.23%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on SWKS shares. Weiss Ratings lowered Skyworks Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 6th. Zacks Research lowered Skyworks Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, February 4th. KeyCorp lowered their target price on Skyworks Solutions from $105.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Finally, BNP Paribas Exane cut their target price on Skyworks Solutions from $73.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.28.
View Our Latest Report 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.
See Also
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