PFG Investments LLC Purchases 1,794 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

PFG Investments LLC grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 37.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,531 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,794 shares during the quarter. PFG Investments LLC’s holdings in Skyworks Solutions were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. IFM Investors Pty Ltd raised its holdings in Skyworks Solutions by 0.8% in the 1st quarter. IFM Investors Pty Ltd now owns 36,336 shares of the semiconductor manufacturer’s stock worth $3,936,000 after purchasing an additional 305 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of Skyworks Solutions by 8.6% in the first quarter. First Trust Direct Indexing L.P. now owns 3,766 shares of the semiconductor manufacturer’s stock worth $408,000 after buying an additional 299 shares during the period. Norden Group LLC bought a new position in shares of Skyworks Solutions in the first quarter worth about $766,000. Valley National Advisers Inc. lifted its position in shares of Skyworks Solutions by 1.0% during the 1st quarter. Valley National Advisers Inc. now owns 13,544 shares of the semiconductor manufacturer’s stock valued at $1,466,000 after buying an additional 135 shares in the last quarter. Finally, Denali Advisors LLC grew its stake in shares of Skyworks Solutions by 60.4% during the 1st quarter. Denali Advisors LLC now owns 3,208 shares of the semiconductor manufacturer’s stock valued at $347,000 after acquiring an additional 1,208 shares during the period. Institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a report on Thursday, January 4th. KeyCorp downgraded shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. B. Riley increased their price target on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. TD Cowen boosted their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus price target of $115.10.

Skyworks Solutions Price Performance

Skyworks Solutions stock traded up $3.56 during mid-day trading on Monday, reaching $107.86. 2,601,300 shares of the company’s stock traded hands, compared to its average volume of 2,293,705. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $104.15 and a two-hundred day moving average of $101.91. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 1.93 and a beta of 1.37.

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

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s dividend payout ratio (DPR) is 48.23%.

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.