Ameritas Advisory Services LLC Has $272,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Posted by Defense World Staff on Jul 24th, 2023

Skyworks Solutions logo Ameritas Advisory Services LLC cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 36.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,370 shares of the semiconductor manufacturer’s stock after selling 1,353 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Skyworks Solutions were worth $272,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wealthfront Advisers LLC raised its position in Skyworks Solutions by 10.2% in the first quarter. Wealthfront Advisers LLC now owns 7,664 shares of the semiconductor manufacturer’s stock valued at $904,000 after purchasing an additional 710 shares during the last quarter. Stephens Inc. AR raised its position in Skyworks Solutions by 13.5% in the fourth quarter. Stephens Inc. AR now owns 2,995 shares of the semiconductor manufacturer’s stock valued at $273,000 after purchasing an additional 357 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in Skyworks Solutions in the fourth quarter valued at about $204,000. Parallel Advisors LLC raised its position in Skyworks Solutions by 11.8% in the first quarter. Parallel Advisors LLC now owns 1,917 shares of the semiconductor manufacturer’s stock valued at $226,000 after purchasing an additional 202 shares during the last quarter. Finally, Alamar Capital Management LLC bought a new position in Skyworks Solutions in the fourth quarter valued at about $1,674,000. 78.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of analyst reports. Barclays downgraded Skyworks Solutions from an “overweight” rating to an “equal weight” rating and set a $115.00 price objective for the company. in a research report on Thursday. Bank of America lowered their price objective on Skyworks Solutions from $108.00 to $100.00 in a research report on Tuesday, May 9th. Piper Sandler lowered their price objective on Skyworks Solutions from $120.00 to $107.00 in a research report on Tuesday, May 9th. Argus lowered their price objective on Skyworks Solutions from $160.00 to $140.00 in a research report on Wednesday, May 10th. Finally, StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions presently has an average rating of “Moderate Buy” and an average target price of $119.92.

Skyworks Solutions Stock Up 1.3 %

Shares of NASDAQ:SWKS opened at $112.98 on Monday. The stock has a market cap of $17.98 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.02 and a beta of 1.26. 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 12-month low of $76.16 and a 12-month high of $123.69. The business’s 50 day moving average is $106.88 and its 200 day moving average is $108.80.

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

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Tuesday, May 30th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, May 26th. This represents a $2.48 dividend on an annualized basis and a yield of 2.20%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 35.79%.

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.