Focus Partners Advisor Solutions LLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 48.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,629 shares of the semiconductor manufacturer’s stock after buying an additional 1,520 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Skyworks Solutions were worth $345,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in SWKS. GAMMA Investing LLC raised its stake in shares of Skyworks Solutions by 20.9% in the 1st quarter. GAMMA Investing LLC now owns 3,947 shares of the semiconductor manufacturer’s stock valued at $255,000 after buying an additional 682 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Skyworks Solutions by 6.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,420 shares of the semiconductor manufacturer’s stock valued at $867,000 after buying an additional 829 shares in the last quarter. Amalgamated Bank raised its stake in shares of Skyworks Solutions by 1.5% in the 1st quarter. Amalgamated Bank now owns 31,496 shares of the semiconductor manufacturer’s stock valued at $2,036,000 after buying an additional 458 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Skyworks Solutions by 45.3% in the 1st quarter. Vontobel Holding Ltd. now owns 20,297 shares of the semiconductor manufacturer’s stock valued at $1,312,000 after buying an additional 6,325 shares in the last quarter. Finally, Summit Trail Advisors LLC acquired a new position in shares of Skyworks Solutions in the 1st quarter valued at $336,000. Institutional investors and hedge funds own 85.43% of the company’s stock.
Skyworks Solutions Stock Up 0.5%
Shares of NASDAQ:SWKS opened at $79.16 on Friday. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $95.46. The company’s 50-day moving average price is $75.95 and its two-hundred day moving average price is $72.22. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. The firm has a market cap of $11.75 billion, a P/E ratio of 31.66 and a beta of 1.20.
Skyworks Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be given a dividend of $0.71 per share. The ex-dividend date is Tuesday, November 18th. This represents a $2.84 dividend on an annualized basis and a yield of 3.6%. Skyworks Solutions’s dividend payout ratio is presently 113.60%.
Analyst Ratings Changes
SWKS has been the topic of several analyst reports. Piper Sandler raised shares of Skyworks Solutions from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $70.00 to $140.00 in a report on Wednesday. Cfra set a $90.00 target price on shares of Skyworks Solutions in a report on Tuesday. Morgan Stanley upped their target price on shares of Skyworks Solutions from $65.00 to $89.00 and gave the stock an “equal weight” rating in a report on Wednesday. Citigroup raised shares of Skyworks Solutions from a “sell” rating to a “neutral” rating and upped their target price for the stock from $66.00 to $105.00 in a report on Wednesday. Finally, UBS Group raised shares of Skyworks Solutions to a “positive” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $84.12.
View Our Latest Stock Analysis on Skyworks Solutions
Skyworks Solutions 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.
Read More
- Five stocks we like better than Skyworks Solutions
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Why Microsoft’s Post-Earnings Dip Is a Buy-the-Pause Moment
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- NVIDIA’s Billion-Dollar Bet Puts Nokia Back in the Growth Game
- What is a Special Dividend?
- Hold Ratings, High Rewards? 3 Stocks That Could Defy Expectations
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.
