32,468 Shares in Skyworks Solutions, Inc. $SWKS Bought by CloudAlpha Capital Management Limited Hong Kong

CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 32,468 shares of the semiconductor manufacturer’s stock, valued at approximately $2,420,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Skyworks Solutions by 9.1% in the 1st quarter. Principal Financial Group Inc. now owns 203,496 shares of the semiconductor manufacturer’s stock worth $13,152,000 after purchasing an additional 16,965 shares during the period. Teacher Retirement System of Texas acquired a new position in Skyworks Solutions during the 1st quarter valued at about $1,511,000. Envestnet Asset Management Inc. increased its position in Skyworks Solutions by 91.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 474,852 shares of the semiconductor manufacturer’s stock valued at $30,690,000 after buying an additional 226,938 shares in the last quarter. HB Wealth Management LLC purchased a new stake in Skyworks Solutions during the 2nd quarter valued at about $442,000. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in Skyworks Solutions during the 2nd quarter valued at about $67,841,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

SWKS stock opened at $71.99 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $10.69 billion, a PE ratio of 28.80 and a beta of 1.21. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $95.46. The business’s fifty day moving average price is $75.88 and its 200 day moving average price is $72.84.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Wednesday, November 5th. The semiconductor manufacturer reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.23. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.During the same period in the previous year, the company earned $1.55 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.71 per share. The ex-dividend date is Tuesday, November 18th. This represents a $2.84 annualized dividend and a yield of 3.9%. Skyworks Solutions’s dividend payout ratio is 88.75%.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several analyst reports. Cfra Research raised Skyworks Solutions from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 28th. Citigroup raised Skyworks Solutions from a “sell” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $105.00 in a report on Wednesday, October 29th. Barclays raised Skyworks Solutions from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $58.00 to $88.00 in a report on Wednesday, October 29th. Mizuho downgraded Skyworks Solutions from a “neutral” rating to an “underperform” rating and set a $60.00 price target for the company. in a report on Monday, October 20th. Finally, Loop Capital boosted their price target on Skyworks Solutions from $70.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $84.12.

About Skyworks Solutions

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.