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

Allspring Global Investments Holdings LLC raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 126.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,289 shares of the semiconductor manufacturer’s stock after acquiring an additional 57,146 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.06% of Skyworks Solutions worth $9,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Erste Asset Management GmbH acquired a new position in Skyworks Solutions in the third quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth about $28,000. Investors Research Corp grew its holdings in shares of Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 213 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Skyworks Solutions during the third quarter worth about $40,000. Finally, Quest Partners LLC bought a new position in shares of Skyworks Solutions during the third quarter worth about $41,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SWKS shares. Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. The Goldman Sachs Group dropped their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Craig Hallum dropped their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Up 1.7 %

Shares of NASDAQ:SWKS opened at $67.02 on Wednesday. The stock’s 50-day moving average price is $85.84 and its 200-day moving average price is $92.55. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The stock has a market capitalization of $10.77 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 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, equities analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 annualized dividend and a dividend yield of 4.18%. Skyworks Solutions’s payout ratio is 85.89%.

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, 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.