Commerce Bank reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 12.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,950 shares of the semiconductor manufacturer’s stock after selling 1,001 shares during the period. Commerce Bank’s holdings in Skyworks Solutions were worth $820,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Guinness Asset Management LTD lifted its position 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. Signaturefd LLC lifted its holdings in shares of Skyworks Solutions by 2.5% during the first quarter. Signaturefd LLC now owns 4,268 shares of the semiconductor manufacturer’s stock worth $504,000 after purchasing an additional 104 shares during the period. Apollon Wealth Management LLC boosted its position in Skyworks Solutions by 4.0% in the fourth quarter. Apollon Wealth Management LLC now owns 2,774 shares of the semiconductor manufacturer’s stock valued at $253,000 after buying an additional 106 shares during the last quarter. LCM Capital Management Inc increased its holdings in Skyworks Solutions by 4.3% in the 1st quarter. LCM Capital Management Inc now owns 2,613 shares of the semiconductor manufacturer’s stock worth $308,000 after buying an additional 108 shares during the period. Finally, Kinneret Advisory LLC raised its position 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 buying an additional 108 shares during the last quarter. 78.70% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have recently commented on SWKS shares. Craig Hallum dropped their price objective on shares of Skyworks Solutions from $130.00 to $125.00 in a report on Tuesday, May 9th. Piper Sandler cut their price target on Skyworks Solutions from $120.00 to $107.00 in a research report on Tuesday, May 9th. UBS Group decreased their price objective on Skyworks Solutions from $110.00 to $105.00 in a report on Tuesday, May 9th. Bank of America dropped their target price on Skyworks Solutions from $108.00 to $100.00 in a report on Tuesday, May 9th. Finally, Mizuho decreased their price target on Skyworks Solutions from $135.00 to $125.00 in a report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $119.92.
Skyworks Solutions Price Performance
NASDAQ:SWKS opened at $110.17 on Tuesday. Skyworks Solutions, Inc. has a one year low of $76.16 and a one year high of $123.69. The stock has a market cap of $17.53 billion, a PE ratio of 15.90, a P/E/G ratio of 0.99 and a beta of 1.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.83 and a current ratio of 2.91. The stock has a 50 day moving average price of $109.31 and a 200 day moving average price of $109.79.
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last posted its quarterly earnings results on Monday, August 7th. The semiconductor manufacturer reported $1.73 EPS for the quarter, topping the consensus estimate of $1.43 by $0.30. Skyworks Solutions had a return on equity of 26.38% and a net margin of 21.70%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned $2.12 EPS. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. Equities research analysts expect that Skyworks Solutions, Inc. will post 7.36 EPS for the current fiscal year.
Skyworks Solutions Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, August 29th will be paid a $0.68 dividend. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 2.47%. Skyworks Solutions’s dividend payout ratio is 35.79%.
Skyworks Solutions Company 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, 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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