Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 66.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,953 shares of the semiconductor manufacturer’s stock after buying an additional 1,578 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Skyworks Solutions were worth $351,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Erste Asset Management GmbH acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth $27,000. Golden State Wealth Management LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter worth $28,000. Investors Research Corp raised its stake 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 worth $34,000 after buying an additional 213 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth $40,000. Finally, Quest Partners LLC acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 8.5 %

NASDAQ SWKS opened at $72.61 on Friday. The stock has a market cap of $11.67 billion, a PE ratio of 22.27, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The business has a 50 day moving average price of $80.24 and a two-hundred day moving average price of $89.65. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results 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 net margin of 13.02% and a return on equity of 12.60%. As a group, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

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 paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

Wall Street Analyst Weigh In

SWKS has been the subject of several analyst reports. The Goldman Sachs Group cut their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Loop Capital initiated coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Craig Hallum cut their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $83.78.

Insider Activity

In other news, CEO Philip G. Brace purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.34% of the company’s stock.

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.