WCM Investment Management LLC Acquires 13,383 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

WCM Investment Management LLC increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 116.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,874 shares of the semiconductor manufacturer’s stock after purchasing an additional 13,383 shares during the period. WCM Investment Management LLC’s holdings in Skyworks Solutions were worth $2,199,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC increased its holdings in shares of Skyworks Solutions by 9.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock valued at $131,000 after acquiring an additional 112 shares during the last quarter. UMB Bank n.a. grew its holdings in Skyworks Solutions by 8.7% during the third quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock valued at $141,000 after purchasing an additional 115 shares during the last quarter. Empirical Finance LLC raised its position in shares of Skyworks Solutions by 2.2% in the third quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock valued at $551,000 after purchasing an additional 121 shares during the period. Waldron Private Wealth LLC lifted its stake in shares of Skyworks Solutions by 4.4% in the third quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock worth $314,000 after buying an additional 133 shares during the last quarter. Finally, Arvest Investments Inc. boosted its holdings in shares of Skyworks Solutions by 1.1% during the 3rd quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock worth $1,257,000 after buying an additional 133 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Trading Down 1.6 %

Shares of SWKS stock opened at $64.64 on Tuesday. The company has a market capitalization of $10.39 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.45 and a beta of 1.14. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The company has a quick ratio of 4.24, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $88.45 and a 200 day moving average price of $94.53.

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

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.33%. Skyworks Solutions’s dividend payout ratio is 85.89%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SWKS shares. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Loop Capital began coverage on Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their target price for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Piper Sandler cut their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Finally, Citigroup raised their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Three investment 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $83.78.

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.