Stephens Inc. AR Acquires 372 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Stephens Inc. AR grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,284 shares of the semiconductor manufacturer’s stock after purchasing an additional 372 shares during the period. Stephens Inc. AR’s holdings in Skyworks Solutions were worth $380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WCM Investment Management LLC grew its position in Skyworks Solutions by 116.5% during the 4th quarter. WCM Investment Management LLC now owns 24,874 shares of the semiconductor manufacturer’s stock worth $2,199,000 after acquiring an additional 13,383 shares during the last quarter. Entropy Technologies LP grew its position in Skyworks Solutions by 43.5% during the 4th quarter. Entropy Technologies LP now owns 8,834 shares of the semiconductor manufacturer’s stock worth $783,000 after acquiring an additional 2,679 shares during the last quarter. Vest Financial LLC grew its position in Skyworks Solutions by 28.0% during the 4th quarter. Vest Financial LLC now owns 3,185 shares of the semiconductor manufacturer’s stock worth $282,000 after acquiring an additional 696 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions during the 4th quarter worth $28,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Skyworks Solutions by 4.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,307 shares of the semiconductor manufacturer’s stock worth $1,535,000 after acquiring an additional 671 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $65.93 on Friday. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.45 and a beta of 1.14. The business has a 50-day simple moving average of $86.73 and a 200 day simple moving average of $93.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.24.

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

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays cut their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Craig Hallum cut their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Loop Capital assumed coverage on Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 target price on the stock. Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions 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.