Allspring Global Investments Holdings LLC Acquires 57,146 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Allspring Global Investments Holdings LLC increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 126.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,289 shares of the semiconductor manufacturer’s stock after purchasing an additional 57,146 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of Skyworks Solutions worth $9,047,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions during the 3rd quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions during the 4th quarter valued at about $28,000. Investors Research Corp lifted 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 valued at $34,000 after purchasing 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 about $40,000. Finally, Quest Partners LLC acquired a new stake in Skyworks Solutions in the 3rd quarter valued at approximately $41,000. Institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on SWKS shares. Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Susquehanna cut their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $67.02 on Wednesday. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.45 and a beta of 1.14. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The stock has a fifty day moving average of $85.84 and a 200 day moving average of $92.55. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.18%. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

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, 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.