Fox Run Management L.L.C. acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,710 shares of the semiconductor manufacturer’s stock, valued at approximately $276,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP lifted its stake in shares of Skyworks Solutions by 28.2% in the first quarter. Allworth Financial LP now owns 1,299 shares of the semiconductor manufacturer’s stock worth $80,000 after acquiring an additional 286 shares in the last quarter. Cerity Partners LLC raised its position in shares of Skyworks Solutions by 50.5% in the 1st quarter. Cerity Partners LLC now owns 42,647 shares of the semiconductor manufacturer’s stock valued at $2,756,000 after purchasing an additional 14,309 shares in the last quarter. CWM LLC boosted its stake in shares of Skyworks Solutions by 390.4% during the 1st quarter. CWM LLC now owns 17,714 shares of the semiconductor manufacturer’s stock valued at $1,145,000 after buying an additional 14,102 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Skyworks Solutions by 15.8% during the 1st quarter. Signaturefd LLC now owns 1,974 shares of the semiconductor manufacturer’s stock valued at $128,000 after buying an additional 269 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of Skyworks Solutions by 368.2% during the first quarter. Wealthfront Advisers LLC now owns 40,340 shares of the semiconductor manufacturer’s stock worth $2,607,000 after buying an additional 31,724 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.
Skyworks Solutions Price Performance
Shares of NASDAQ:SWKS opened at $68.17 on Friday. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $95.46. The firm has a 50-day simple moving average of $75.22 and a 200 day simple moving average of $73.17. The company has a market cap of $10.12 billion, a PE ratio of 27.27 and a beta of 1.21.
Skyworks Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 18th will be given a dividend of $0.71 per share. The ex-dividend date is Tuesday, November 18th. This represents a $2.84 dividend on an annualized basis and a yield of 4.2%. Skyworks Solutions’s payout ratio is currently 92.51%.
Wall Street Analyst Weigh In
SWKS has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Skyworks Solutions in a report on Wednesday, October 8th. Mizuho raised shares of Skyworks Solutions from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $65.00 to $73.00 in a research report on Tuesday. UBS Group cut their target price on shares of Skyworks Solutions from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, October 29th. Finally, Stifel Nicolaus set a $72.00 price objective on Skyworks Solutions in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $83.18.
View Our Latest Stock Report on SWKS
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.
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