Entropy Technologies LP Buys 2,679 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Entropy Technologies LP increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 43.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,834 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,679 shares during the quarter. Entropy Technologies LP’s holdings in Skyworks Solutions were worth $783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SWKS. Forsta AP Fonden increased its position in shares of Skyworks Solutions by 27.0% during the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock valued at $3,674,000 after buying an additional 7,900 shares during the period. Versor Investments LP increased its holdings in Skyworks Solutions by 115.3% during the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock worth $1,966,000 after acquiring an additional 10,658 shares during the period. Van ECK Associates Corp lifted its stake in Skyworks Solutions by 25.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock worth $152,915,000 after purchasing an additional 325,672 shares in the last quarter. Barclays PLC boosted its holdings in Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock valued at $3,615,000 after purchasing an additional 6,151 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SWKS shares. Citigroup lifted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. The Goldman Sachs Group decreased their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Mizuho lowered shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Up 0.9 %

Shares of Skyworks Solutions stock opened at $65.23 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.94. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The company’s 50 day moving average price is $88.01 and its 200-day moving average price is $94.17. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 1.45 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Equities research analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

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.