Kera Capital Partners Inc. acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 4,014 shares of the semiconductor manufacturer’s stock, valued at approximately $299,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Horizon Investments LLC lifted its holdings in shares of Skyworks Solutions by 2.8% in the first quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer’s stock worth $349,000 after buying an additional 146 shares in the last quarter. Keeley Teton Advisors LLC lifted its holdings in shares of Skyworks Solutions by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 16,958 shares of the semiconductor manufacturer’s stock worth $1,096,000 after buying an additional 178 shares in the last quarter. Ridgewood Investments LLC lifted its holdings in shares of Skyworks Solutions by 27.9% in the first quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer’s stock worth $56,000 after buying an additional 188 shares in the last quarter. Inspire Advisors LLC lifted its holdings in shares of Skyworks Solutions by 1.3% in the first quarter. Inspire Advisors LLC now owns 14,732 shares of the semiconductor manufacturer’s stock worth $952,000 after buying an additional 194 shares in the last quarter. Finally, Albert D Mason Inc. lifted its holdings in shares of Skyworks Solutions by 1.8% in the first quarter. Albert D Mason Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock worth $791,000 after buying an additional 215 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.
Skyworks Solutions Stock Down 0.3%
Shares of NASDAQ SWKS opened at $74.46 on Friday. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $103.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.39 and a quick ratio of 1.80. The firm’s 50 day simple moving average is $73.44 and its two-hundred day simple moving average is $69.35. The stock has a market capitalization of $11.05 billion, a P/E ratio of 29.78, a PEG ratio of 1.67 and a beta of 1.17.
Skyworks Solutions Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.71 per share. The ex-dividend date is Tuesday, August 26th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a yield of 3.8%. Skyworks Solutions’s dividend payout ratio (DPR) is 113.60%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Susquehanna increased their price target on shares of Skyworks Solutions from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. UBS Group increased their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Wall Street Zen cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, September 8th. Mizuho upped their price objective on shares of Skyworks Solutions from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. Finally, Arete Research upgraded shares of Skyworks Solutions to a “strong-buy” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions presently has an average rating of “Reduce” and an average price target of $72.87.
Get Our Latest Report on Skyworks Solutions
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.
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