Harvest Investment Advisors LLC acquired a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 25,678 shares of the semiconductor manufacturer’s stock, valued at approximately $1,628,000.
Other large investors have also added to or reduced their stakes in the company. Quest 10 Wealth Builders Inc. increased 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 acquiring an additional 342 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Skyworks Solutions in the 2nd quarter worth approximately $32,000. MUFG Securities EMEA plc bought a new position in shares of Skyworks Solutions during the 2nd quarter valued at approximately $33,000. Fideuram Asset Management Ireland dac bought a new position in shares of Skyworks Solutions during the 4th quarter valued at approximately $29,000. Finally, Sound Income Strategies LLC increased its position in shares of Skyworks Solutions by 137.1% during the 4th 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 during the last quarter. Institutional investors own 85.43% of the company’s stock.
Skyworks Solutions Price Performance
SWKS opened at $71.42 on Wednesday. The business has a fifty day moving average of $68.38 and a 200 day moving average of $63.19. Skyworks Solutions, Inc. has a 52-week low of $51.93 and a 52-week high of $90.90. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. The stock has a market cap of $10.74 billion, a P/E ratio of 29.63 and a beta of 1.50.
Skyworks Solutions Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th were issued a dividend of $0.71 per share. The ex-dividend date was Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a yield of 4.0%. Skyworks Solutions’s payout ratio is presently 117.84%.
Analyst Ratings Changes
Several research firms have recently weighed in on SWKS. KeyCorp boosted their target price on Skyworks Solutions from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Skyworks Solutions in a research report on Wednesday, May 6th. Stifel Nicolaus boosted their target price on Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. B. Riley Financial boosted their target price on Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their target price on Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus target price of $76.61.
Check Out Our Latest Analysis on Skyworks Solutions
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.
Featured Stories
- Five stocks we like better than Skyworks Solutions
- Gravity Check: Houston, SpaceX Has a Valuation Problem
- Strategy’s Bitcoin Rally Has a Hidden Engine
- Okta’s AI Moment May Be Bigger Than Investors Realize
- 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test
Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report).
Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
