Arlington Trust Co LLC Invests $124,000 in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Arlington Trust Co LLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,103 shares of the semiconductor manufacturer’s stock, valued at approximately $124,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tyler Stone Wealth Management bought a new position in Skyworks Solutions during the second quarter worth $29,000. True Wealth Design LLC bought a new stake in Skyworks Solutions during the 4th quarter valued at about $26,000. Fortis Capital Advisors LLC purchased a new position in shares of Skyworks Solutions in the fourth quarter worth approximately $27,000. Global Wealth Management Investment Advisory Inc. raised its position in shares of Skyworks Solutions by 98.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 155 shares during the last quarter. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of Skyworks Solutions during the third quarter valued at $34,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. TD Cowen raised their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Mizuho lifted their target price on Skyworks Solutions from $108.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, December 18th. Susquehanna boosted their target price on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Finally, Rosenblatt Securities restated a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and a consensus target price of $115.10.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS traded up $0.74 during midday trading on Friday, hitting $105.48. The company’s stock had a trading volume of 1,392,451 shares, compared to its average volume of 2,630,776. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The firm’s fifty day moving average price is $104.95 and its 200-day moving average price is $101.40. The firm has a market cap of $16.90 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.96 and a beta of 1.37. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business posted $2.33 EPS. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.64 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

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.