SBI Securities Co. Ltd. Takes Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

SBI Securities Co. Ltd. acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 323 shares of the semiconductor manufacturer’s stock, valued at approximately $29,000.

A number of other hedge funds have also made changes to their positions in the stock. Empirical Finance LLC increased its holdings in shares of Skyworks Solutions by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock valued at $551,000 after acquiring an additional 121 shares during the last quarter. Resources Management Corp CT ADV boosted its stake in Skyworks Solutions by 3.4% during the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock valued at $427,000 after purchasing an additional 142 shares during the period. Resonant Capital Advisors LLC boosted its stake in Skyworks Solutions by 5.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock valued at $267,000 after purchasing an additional 143 shares during the period. Savant Capital LLC boosted its stake in Skyworks Solutions by 5.0% during the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock valued at $271,000 after purchasing an additional 144 shares during the period. Finally, Private Trust Co. NA boosted its stake in Skyworks Solutions by 18.4% during the 3rd quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer’s stock valued at $93,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the subject of several recent analyst reports. Piper Sandler decreased their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Rosenblatt Securities restated a “neutral” rating and set a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $83.78.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.35% of the company’s stock.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $67.85 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The company has a market capitalization of $10.91 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The business has a 50 day simple moving average of $78.73 and a 200 day simple moving average of $88.49.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

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 is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.13%. Skyworks Solutions’s dividend 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.