PUREfi Wealth LLC Makes New $283,000 Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

PUREfi Wealth LLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 4th quarter, Holdings Channel reports. The fund purchased 3,195 shares of the semiconductor manufacturer’s stock, valued at approximately $283,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new stake in Skyworks Solutions during the 3rd quarter worth about $27,000. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions during the 4th quarter worth about $28,000. Investors Research Corp lifted its position in 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 in the last quarter. Valley Wealth Managers Inc. bought a new stake in Skyworks Solutions during the 3rd quarter worth about $40,000. Finally, Quest Partners LLC bought a new stake in Skyworks Solutions during the 3rd quarter worth about $41,000. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $65.93 on Friday. The company’s 50 day moving average price is $86.73 and its two-hundred day moving average price is $93.42. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The firm has a market cap of $10.60 billion, a PE ratio of 20.22, a PEG ratio of 1.45 and a beta of 1.14. The company has a quick ratio of 4.24, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Equities research analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Susquehanna dropped their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Piper Sandler dropped their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. The Goldman Sachs Group dropped their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Finally, Bank of America dropped their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and an average target price of $83.78.

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.