GSA Capital Partners LLP raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 111.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,866 shares of the semiconductor manufacturer’s stock after buying an additional 7,321 shares during the period. GSA Capital Partners LLP’s holdings in Skyworks Solutions were worth $879,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Manske Wealth Management boosted its position in shares of Skyworks Solutions by 3.8% during the 3rd quarter. Manske Wealth Management now owns 4,318 shares of the semiconductor manufacturer’s stock valued at $332,000 after purchasing an additional 160 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Skyworks Solutions by 5.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after purchasing an additional 163 shares in the last quarter. Unison Advisors LLC boosted its position in shares of Skyworks Solutions by 0.9% during the 3rd quarter. Unison Advisors LLC now owns 18,031 shares of the semiconductor manufacturer’s stock valued at $1,388,000 after purchasing an additional 164 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Skyworks Solutions by 0.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,308 shares of the semiconductor manufacturer’s stock valued at $1,807,000 after purchasing an additional 166 shares in the last quarter. Finally, International Private Wealth Advisors LLC boosted its position in shares of Skyworks Solutions by 5.9% during the 4th quarter. International Private Wealth Advisors LLC now owns 3,714 shares of the semiconductor manufacturer’s stock valued at $236,000 after purchasing an additional 208 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.
Skyworks Solutions Stock Performance
Shares of SWKS opened at $82.42 on Friday. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90. The company has a 50-day moving average of $60.78 and a two-hundred day moving average of $62.06. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 34.20 and a beta of 1.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70.
Skyworks Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 117.84%.
Wall Street Analysts Forecast Growth
SWKS has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. UBS Group raised their price objective on shares of Skyworks Solutions from $63.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Citigroup raised their price objective on shares of Skyworks Solutions from $63.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Craig Hallum raised their target price on shares of Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. Finally, TD Cowen raised their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and an average price target of $76.61.
Get Our Latest Research Report on SWKS
About Skyworks Solutions
Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.
Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.
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