Vest Financial LLC Grows Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vest Financial LLC boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 28.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,185 shares of the semiconductor manufacturer’s stock after acquiring an additional 696 shares during the period. Vest Financial LLC’s holdings in Skyworks Solutions were worth $282,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions during the 3rd quarter worth about $27,000. Golden State Wealth Management LLC purchased a new position in Skyworks Solutions in the fourth quarter valued at approximately $28,000. Investors Research Corp boosted its holdings in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares in the last quarter. Valley Wealth Managers Inc. purchased a new position in shares of Skyworks Solutions in the 3rd quarter valued at $40,000. Finally, Quest Partners LLC acquired a new stake in Skyworks Solutions during the 3rd quarter worth $41,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

SWKS stock opened at $65.69 on Monday. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.45 and a beta of 1.14. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $88.93 and a 200-day moving average of $94.86. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted 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 return on equity of 12.60% and a net margin of 13.02%. As a group, equities analysts expect that Skyworks Solutions, Inc. will post 4.45 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. Shareholders 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 annualized dividend and a yield of 4.26%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SWKS. Susquehanna reduced their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $65.00 in a research report on Thursday. Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $105.00 to $62.00 in a research report on Thursday. Finally, Craig Hallum lowered their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.