Manchester Capital Management LLC Raises Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Manchester Capital Management LLC raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 325.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 557 shares of the semiconductor manufacturer’s stock after acquiring an additional 426 shares during the period. Manchester Capital Management LLC’s holdings in Skyworks Solutions were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Erste Asset Management GmbH purchased a new stake in shares of Skyworks Solutions during the 3rd quarter worth approximately $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $28,000. Investors Research Corp raised its holdings in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Skyworks Solutions during the 3rd quarter valued at approximately $40,000. Finally, Quest Partners LLC bought a new position in shares of Skyworks Solutions during the 3rd quarter valued at approximately $41,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

SWKS opened at $65.93 on Friday. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.45 and a beta of 1.14. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The business’s fifty day simple moving average is $86.73 and its 200-day simple moving average is $93.25.

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 return on equity of 12.60% and a net margin of 13.02%. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SWKS. The Goldman Sachs Group cut their target price on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Susquehanna cut their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Piper Sandler cut their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Finally, Loop Capital began coverage on Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 target price on the stock. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus price target of $83.78.

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.