Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Western Wealth Management LLC

Western Wealth Management LLC raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,735 shares of the semiconductor manufacturer’s stock after acquiring an additional 527 shares during the period. Western Wealth Management LLC’s holdings in Skyworks Solutions were worth $1,544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Skyworks Solutions by 0.3% in the third quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock worth $1,827,170,000 after buying an additional 53,389 shares during the last quarter. State Street Corp raised its holdings in shares of Skyworks Solutions by 3.7% in the first quarter. State Street Corp now owns 7,677,613 shares of the semiconductor manufacturer’s stock worth $905,804,000 after buying an additional 276,958 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Skyworks Solutions by 3.4% in the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after buying an additional 136,188 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Skyworks Solutions by 1.7% in the first quarter. Geode Capital Management LLC now owns 3,536,039 shares of the semiconductor manufacturer’s stock worth $416,436,000 after buying an additional 60,213 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Skyworks Solutions by 15.0% in the fourth quarter. Lazard Asset Management LLC now owns 3,285,893 shares of the semiconductor manufacturer’s stock worth $299,442,000 after buying an additional 428,364 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on SWKS shares. StockNews.com cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Susquehanna raised their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Rosenblatt Securities reissued a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a report on Wednesday, January 31st. B. Riley raised their target price on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Finally, KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $115.10.

Skyworks Solutions Stock Down 1.5 %

SWKS opened at $96.11 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The company has a fifty day moving average of $104.45 and a two-hundred day moving average of $101.65. The stock has a market capitalization of $15.40 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.81 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. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $2.33 earnings per share. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, research analysts expect that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 2.83%. Skyworks Solutions’s dividend payout ratio (DPR) is 48.23%.

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.