2,585 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by BTS Asset Management Inc.

BTS Asset Management Inc. acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,585 shares of the semiconductor manufacturer’s stock, valued at approximately $229,000.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in Skyworks Solutions in the second quarter valued at approximately $219,000. American Century Companies Inc. increased its position in shares of Skyworks Solutions by 5.7% in the second quarter. American Century Companies Inc. now owns 214,931 shares of the semiconductor manufacturer’s stock valued at $22,907,000 after acquiring an additional 11,643 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Skyworks Solutions by 8.1% during the 2nd quarter. Federated Hermes Inc. now owns 16,823 shares of the semiconductor manufacturer’s stock worth $1,793,000 after purchasing an additional 1,264 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $2,041,000. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Skyworks Solutions by 8.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 25,508 shares of the semiconductor manufacturer’s stock valued at $2,704,000 after purchasing an additional 1,966 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Susquehanna dropped their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. B. Riley reduced their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Morgan Stanley dropped their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Finally, Citigroup lifted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $101.12.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by company insiders.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $93.64 on Friday. The business’s fifty day moving average is $88.57 and its 200 day moving average is $97.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The company has a market capitalization of $14.97 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm earned $1.95 earnings per share. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. Sell-side analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 2.99%. Skyworks Solutions’s payout ratio is presently 75.68%.

Skyworks Solutions 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.