Naples Global Advisors LLC Has $1.88 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Naples Global Advisors LLC lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,159 shares of the semiconductor manufacturer’s stock after purchasing an additional 232 shares during the quarter. Naples Global Advisors LLC’s holdings in Skyworks Solutions were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Erste Asset Management GmbH bought a new position in Skyworks Solutions during the third quarter worth about $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $28,000. Investors Research Corp boosted its stake in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in Skyworks Solutions in the third quarter valued at $40,000. Finally, Quest Partners LLC acquired a new position in Skyworks Solutions during the third quarter worth $41,000. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SWKS has been the topic of several recent analyst reports. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Craig Hallum cut their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price target for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, Morgan Stanley cut their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Trading Down 0.0 %

NASDAQ SWKS opened at $66.18 on Friday. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The company has a market capitalization of $10.64 billion, a PE ratio of 20.30, a P/E/G ratio of 1.45 and a beta of 1.14. The stock has a 50-day simple moving average of $87.17 and a 200 day simple moving average of $93.78.

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 analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Research analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

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.