19,261 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,261 shares of the semiconductor manufacturer’s stock, valued at approximately $1,708,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Forsta AP Fonden increased its stake in Skyworks Solutions by 27.0% in the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock valued at $3,674,000 after purchasing an additional 7,900 shares in the last quarter. Versor Investments LP increased its stake in Skyworks Solutions by 115.3% in the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock valued at $1,966,000 after purchasing an additional 10,658 shares in the last quarter. Van ECK Associates Corp increased its stake in Skyworks Solutions by 25.3% in the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock valued at $152,915,000 after purchasing an additional 325,672 shares in the last quarter. Barclays PLC increased its stake in Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in Skyworks Solutions by 20.2% in the third quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock valued at $3,615,000 after purchasing an additional 6,151 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SWKS shares. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Barclays reduced their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Citigroup upped their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th. Argus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday. Finally, Morgan Stanley reduced their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Down 1.6 %

Skyworks Solutions stock opened at $64.64 on Tuesday. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The firm has a market capitalization of $10.39 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The firm’s fifty day moving average price is $88.45 and its two-hundred day moving average price is $94.53. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16.

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

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.33%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

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.