Entropy Technologies LP bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,462 shares of the semiconductor manufacturer’s stock, valued at approximately $1,868,000.
Several other large investors also recently modified their holdings of SWKS. Norges Bank bought a new stake in shares of Skyworks Solutions in the fourth quarter worth about $121,304,000. Capital Research Global Investors bought a new stake in shares of Skyworks Solutions in the fourth quarter worth about $102,279,000. Vanguard Group Inc. grew its stake in shares of Skyworks Solutions by 4.9% in the third quarter. Vanguard Group Inc. now owns 20,714,728 shares of the semiconductor manufacturer’s stock worth $1,594,620,000 after purchasing an additional 958,768 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Skyworks Solutions by 391.3% in the third quarter. Marshall Wace LLP now owns 537,814 shares of the semiconductor manufacturer’s stock worth $41,401,000 after purchasing an additional 722,414 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Skyworks Solutions by 22.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,859,197 shares of the semiconductor manufacturer’s stock worth $244,720,000 after purchasing an additional 717,724 shares during the last quarter. 85.43% of the stock is owned by institutional investors.
Skyworks Solutions Stock Performance
Skyworks Solutions stock opened at $76.26 on Tuesday. The stock’s 50 day simple moving average is $68.05 and its two-hundred day simple moving average is $63.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 31.64 and a beta of 1.50. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $90.90.
Skyworks Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, May 26th. Skyworks Solutions’s payout ratio is currently 117.84%.
Analyst Ratings Changes
Several analysts recently issued reports on SWKS shares. TD Cowen raised their target price on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. KeyCorp raised their target price on Skyworks Solutions from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. UBS Group raised their target price on Skyworks Solutions from $63.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. BNP Paribas Exane raised their target price on Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Finally, Barclays raised Skyworks Solutions from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $60.00 to $70.00 in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.61.
Read Our Latest Analysis on Skyworks Solutions
Skyworks Solutions Company Profile
Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.
Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.
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