Corient Private Wealth LLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 29.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,829 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,754 shares during the period. Corient Private Wealth LLC’s holdings in Skyworks Solutions were worth $2,970,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. AlphaQuest LLC grew its holdings in Skyworks Solutions by 662.4% during the 4th quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer’s stock valued at $3,383,000 after buying an additional 46,357 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $1,388,000. JPMorgan Chase & Co. lifted its holdings in shares of Skyworks Solutions by 2.6% in the third quarter. JPMorgan Chase & Co. now owns 1,163,728 shares of the semiconductor manufacturer’s stock worth $89,584,000 after buying an additional 29,444 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Skyworks Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock worth $1,338,198,000 after buying an additional 389,168 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Skyworks Solutions by 1,718.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer’s stock worth $7,980,000 after acquiring an additional 118,909 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.
Skyworks Solutions Trading Down 2.8%
SWKS stock opened at $68.00 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 28.22 and a beta of 1.50. The firm’s fifty day simple moving average is $70.79 and its two-hundred day simple moving average is $63.45.
Skyworks Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Tuesday, May 26th. Skyworks Solutions’s payout ratio is 117.84%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Loop Capital boosted their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Craig Hallum increased their price objective on shares of Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. Stifel Nicolaus raised their price objective on Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Finally, TD Cowen lifted their target price on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $77.06.
Get Our Latest Stock Analysis on Skyworks Solutions
Skyworks Solutions Company 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.
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