Bryn Mawr Capital Management LLC Acquires 592 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bryn Mawr Capital Management LLC lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,441 shares of the semiconductor manufacturer’s stock after purchasing an additional 592 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Skyworks Solutions were worth $837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SWKS. Global Wealth Management Investment Advisory Inc. raised its stake in shares of Skyworks Solutions by 98.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 155 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Skyworks Solutions in the third quarter worth approximately $34,000. AdvisorNet Financial Inc raised its stake in shares of Skyworks Solutions by 790.0% in the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after purchasing an additional 316 shares during the last quarter. West Branch Capital LLC raised its stake in shares of Skyworks Solutions by 8,000.0% in the fourth quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock worth $46,000 after purchasing an additional 400 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Skyworks Solutions by 47.9% in the fourth quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock worth $47,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $104.30 on Friday. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69. The business has a fifty day moving average price of $104.07 and a 200-day moving average price of $101.78. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. The firm has a market capitalization of $16.71 billion, a P/E ratio of 18.49, a PEG ratio of 1.91 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $2.33 earnings per share. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. As a group, equities research analysts forecast that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors 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 dividend on an annualized basis and a dividend yield of 2.61%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 48.23%.

Analyst Upgrades and Downgrades

SWKS has been the subject of several analyst reports. StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. B. Riley increased their price target on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a research report on Wednesday, January 31st. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a research report on Thursday, January 4th. Finally, Susquehanna increased their price target on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $115.10.

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.