Cibc World Markets Corp Increases Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cibc World Markets Corp increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 410.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,804 shares of the semiconductor manufacturer’s stock after acquiring an additional 89,096 shares during the quarter. Cibc World Markets Corp owned approximately 0.07% of Skyworks Solutions worth $9,826,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Erste Asset Management GmbH purchased a new stake in shares of Skyworks Solutions during the third quarter worth about $27,000. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions during the 4th quarter worth approximately $29,000. Investors Research Corp raised its holdings in shares of Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 213 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $33,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SWKS. Citigroup boosted their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Piper Sandler reduced their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Barclays cut their price objective 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. Finally, Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Up 0.4 %

Skyworks Solutions stock opened at $70.88 on Wednesday. The company has a market capitalization of $11.39 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The firm has a 50 day moving average price of $77.08 and a 200 day moving average price of $87.27.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. Research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 3.95%. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

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.