Migdal Insurance & Financial Holdings Ltd. Sells 144 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Migdal Insurance & Financial Holdings Ltd. trimmed its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 788 shares of the semiconductor manufacturer’s stock after selling 144 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Skyworks Solutions were worth $90,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Avior Wealth Management LLC raised its position in shares of Skyworks Solutions by 47.9% in the 4th quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock worth $47,000 after acquiring an additional 136 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Skyworks Solutions in the 4th quarter worth $1,133,000. Louisiana State Employees Retirement System bought a new position in shares of Skyworks Solutions in the 4th quarter worth $1,079,000. Koshinski Asset Management Inc. grew its stake in Skyworks Solutions by 25.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 5,864 shares of the semiconductor manufacturer’s stock worth $659,000 after buying an additional 1,198 shares during the last quarter. Finally, Xcel Wealth Management LLC grew its stake in Skyworks Solutions by 4.6% during the 4th quarter. Xcel Wealth Management LLC now owns 15,795 shares of the semiconductor manufacturer’s stock worth $1,776,000 after buying an additional 700 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $97.62 on Friday. The company has a market capitalization of $15.64 billion, a P/E ratio of 17.31, a P/E/G ratio of 1.83 and a beta of 1.37. The business’s 50 day moving average is $104.63 and its two-hundred day moving average is $101.67. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released 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. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.33 earnings per share. Analysts expect that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 2.79%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 48.23%.

Analysts Set New Price Targets

Several research firms have weighed in on SWKS. Piper Sandler reiterated a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. TD Cowen boosted their price target on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. B. Riley boosted their price target on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, Susquehanna boosted their price target on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $115.10.

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.