Peterson Wealth Services Boosts Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Peterson Wealth Services boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,632 shares of the semiconductor manufacturer’s stock after buying an additional 386 shares during the period. Peterson Wealth Services’ holdings in Skyworks Solutions were worth $2,097,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SWKS. Price T Rowe Associates Inc. MD grew its position in Skyworks Solutions by 804.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,883,265 shares of the semiconductor manufacturer’s stock valued at $340,168,000 after buying an additional 2,564,631 shares during the last quarter. Norges Bank purchased a new position in Skyworks Solutions in the 4th quarter valued at $152,111,000. DnB Asset Management AS boosted its position in shares of Skyworks Solutions by 60.9% during the 3rd quarter. DnB Asset Management AS now owns 1,344,282 shares of the semiconductor manufacturer’s stock worth $132,533,000 after purchasing an additional 508,807 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Skyworks Solutions by 40.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock worth $180,083,000 after purchasing an additional 465,223 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Skyworks Solutions during the 1st quarter worth $53,654,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

SWKS stock traded down $0.37 during trading on Thursday, hitting $98.10. The stock had a trading volume of 342,246 shares, compared to its average volume of 2,280,689. The company’s 50 day moving average price is $104.77 and its two-hundred day moving average price is $101.70. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.84 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $2.33 EPS. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

Wall Street Analyst Weigh In

SWKS has been the topic of several research analyst reports. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. B. Riley boosted their target price on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. StockNews.com lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Susquehanna boosted their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Finally, Rosenblatt Securities restated a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $115.10.

About Skyworks Solutions

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.