Proficio Capital Partners LLC Makes New $2.51 Million Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Proficio Capital Partners LLC purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,289 shares of the semiconductor manufacturer’s stock, valued at approximately $2,509,000.

Other large investors have also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in Skyworks Solutions during the 3rd quarter worth about $380,000. OneDigital Investment Advisors LLC lifted its holdings in shares of Skyworks Solutions by 6.2% during the third quarter. OneDigital Investment Advisors LLC now owns 4,501 shares of the semiconductor manufacturer’s stock worth $445,000 after purchasing an additional 263 shares during the period. CIBC Asset Management Inc boosted its position in Skyworks Solutions by 6.7% in the third quarter. CIBC Asset Management Inc now owns 27,273 shares of the semiconductor manufacturer’s stock valued at $2,694,000 after buying an additional 1,709 shares during the last quarter. Claro Advisors LLC increased its holdings in Skyworks Solutions by 9.2% in the 3rd quarter. Claro Advisors LLC now owns 3,241 shares of the semiconductor manufacturer’s stock worth $320,000 after buying an additional 274 shares during the period. Finally, Quest Partners LLC purchased a new position in Skyworks Solutions during the 3rd quarter worth approximately $41,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Up 0.4 %

NASDAQ:SWKS opened at $70.88 on Wednesday. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86. The stock’s fifty day moving average is $77.08 and its two-hundred day moving average is $87.27. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. 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 announced its quarterly earnings data 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%. Research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 3.95%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SWKS. Citigroup lifted their price objective 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 reduced their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Morgan Stanley lowered their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their target price for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Finally, Barclays lowered their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $83.78.

Insider Buying and Selling

In other news, CEO Philip G. Brace acquired 10,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were bought 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. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by insiders.

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.