First Interstate Bank Has $2.71 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

First Interstate Bank lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.0% during the fourth quarter, HoldingsChannel reports. The fund owned 24,108 shares of the semiconductor manufacturer’s stock after selling 1,010 shares during the quarter. First Interstate Bank’s holdings in Skyworks Solutions were worth $2,710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Skyworks Solutions by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock valued at $1,827,170,000 after buying an additional 53,389 shares during the last quarter. State Street Corp grew its position in shares of Skyworks Solutions by 3.7% during the 1st quarter. State Street Corp now owns 7,677,613 shares of the semiconductor manufacturer’s stock valued at $905,804,000 after acquiring an additional 276,958 shares during the period. Victory Capital Management Inc. grew its position in shares of Skyworks Solutions by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock valued at $407,474,000 after acquiring an additional 136,188 shares during the period. Geode Capital Management LLC grew its position in shares of Skyworks Solutions by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 3,536,039 shares of the semiconductor manufacturer’s stock valued at $416,436,000 after acquiring an additional 60,213 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of Skyworks Solutions by 15.0% during the 4th quarter. Lazard Asset Management LLC now owns 3,285,893 shares of the semiconductor manufacturer’s stock valued at $299,442,000 after acquiring an additional 428,364 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

NASDAQ:SWKS traded down $1.23 during trading hours on Tuesday, hitting $99.01. The stock had a trading volume of 1,774,197 shares, compared to its average volume of 2,310,357. The company has a 50 day simple moving average of $104.87 and a two-hundred day simple moving average of $101.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 1.88 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, beating the consensus estimate of $1.95 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period last year, the firm earned $2.33 EPS. Research analysts forecast that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 48.23%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SWKS. Susquehanna increased their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Piper Sandler reissued a “neutral” rating and set a $90.00 target price on shares of Skyworks Solutions in a research report on Thursday, January 4th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a research report on Wednesday, January 31st. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, TD Cowen raised their price objective on shares of Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $115.10.

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.