Banque Cantonale Vaudoise lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 60.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,703 shares of the semiconductor manufacturer’s stock after selling 4,100 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Skyworks Solutions were worth $319,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Guinness Asset Management LTD grew its holdings in Skyworks Solutions by 2.0% during the 1st quarter. Guinness Asset Management LTD now owns 4,844 shares of the semiconductor manufacturer’s stock worth $571,000 after acquiring an additional 94 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Skyworks Solutions by 0.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,676 shares of the semiconductor manufacturer’s stock worth $1,155,000 after acquiring an additional 98 shares during the period. Apollon Wealth Management LLC grew its holdings in Skyworks Solutions by 4.0% during the 4th quarter. Apollon Wealth Management LLC now owns 2,774 shares of the semiconductor manufacturer’s stock worth $253,000 after acquiring an additional 106 shares during the period. Kinneret Advisory LLC grew its holdings in Skyworks Solutions by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 4,818 shares of the semiconductor manufacturer’s stock worth $642,000 after acquiring an additional 108 shares during the period. Finally, Albert D Mason Inc. grew its holdings in Skyworks Solutions by 0.8% during the 4th quarter. Albert D Mason Inc. now owns 14,533 shares of the semiconductor manufacturer’s stock worth $1,324,000 after acquiring an additional 110 shares during the period. Institutional investors and hedge funds own 78.70% of the company’s stock.
Skyworks Solutions Price Performance
Skyworks Solutions stock opened at $107.30 on Thursday. The company’s 50 day moving average price is $104.51 and its two-hundred day moving average price is $106.80. The company has a quick ratio of 1.83, a current ratio of 2.91 and a debt-to-equity ratio of 0.26. Skyworks Solutions, Inc. has a 52 week low of $76.16 and a 52 week high of $123.69. The stock has a market cap of $17.08 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.01 and a beta of 1.26.
Skyworks Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Tuesday, May 30th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, May 26th. This represents a $2.48 annualized dividend and a dividend yield of 2.31%. Skyworks Solutions’s payout ratio is currently 35.79%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on SWKS. StockNews.com upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Monday. Piper Sandler reduced their target price on Skyworks Solutions from $120.00 to $107.00 in a research note on Tuesday, May 9th. Robert W. Baird reduced their target price on Skyworks Solutions from $110.00 to $100.00 in a research note on Tuesday, May 9th. UBS Group reduced their target price on Skyworks Solutions from $110.00 to $105.00 in a research note on Tuesday, May 9th. Finally, Bank of America reduced their target price on Skyworks Solutions from $108.00 to $100.00 in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Skyworks Solutions presently has an average rating of “Moderate Buy” and an average price target of $118.46.
About Skyworks Solutions
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, clocks and timings, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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