1,916 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Purchased by Verdence Capital Advisors LLC

Posted by on Jul 11th, 2023

Verdence Capital Advisors LLC bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) during the first quarter, Holdings Channel reports. The firm bought 1,916 shares of the semiconductor manufacturer’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC raised its holdings in shares of Skyworks Solutions by 341.2% in the 1st quarter. Sound Income Strategies LLC now owns 225 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 174 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Skyworks Solutions in the 4th quarter worth about $26,000. Fortis Capital Advisors LLC acquired a new stake in shares of Skyworks Solutions in the 4th quarter worth about $27,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Skyworks Solutions by 111.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 322 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 170 shares during the last quarter. Finally, CVA Family Office LLC grew its position in Skyworks Solutions by 257.9% in the 3rd quarter. CVA Family Office LLC now owns 340 shares of the semiconductor manufacturer’s stock worth $29,000 after purchasing an additional 245 shares in the last quarter. Institutional investors and hedge funds own 78.70% of the company’s stock.

Skyworks Solutions Stock Up 3.6 %

SWKS opened at $112.23 on Tuesday. The company has a fifty day moving average price of $104.79 and a 200-day moving average price of $107.33. The firm has a market capitalization of $17.86 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.91 and a quick ratio of 1.83. Skyworks Solutions, Inc. has a one year low of $76.16 and a one year high of $123.69.

Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last posted its quarterly earnings data on Monday, May 8th. The semiconductor manufacturer reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.01). Skyworks Solutions had a return on equity of 26.38% and a net margin of 21.70%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $2.29 earnings per share. The business’s revenue was down 13.7% on a year-over-year basis. Equities research analysts expect that Skyworks Solutions, Inc. will post 7.36 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Tuesday, May 30th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Friday, May 26th. Skyworks Solutions’s dividend payout ratio is currently 35.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Mizuho reduced their price objective on shares of Skyworks Solutions from $135.00 to $125.00 in a research report on Tuesday, May 9th. Argus reduced their price objective on shares of Skyworks Solutions from $160.00 to $140.00 in a research report on Wednesday, May 10th. StockNews.com raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Monday, July 3rd. Needham & Company LLC reduced their price objective on shares of Skyworks Solutions from $140.00 to $130.00 in a research report on Tuesday, May 9th. Finally, Barclays reduced their price objective on shares of Skyworks Solutions from $125.00 to $115.00 in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Moderate Buy” and an average price target of $118.46.

About Skyworks Solutions

(Free Report)

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.

Read More

Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report).

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.