Charles Schwab Investment Management Inc. Acquires 1,069 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Charles Schwab Investment Management Inc. increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 900,520 shares of the semiconductor manufacturer’s stock after buying an additional 1,069 shares during the period. Charles Schwab Investment Management Inc. owned 0.56% of Skyworks Solutions worth $88,782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Epoch Investment Partners Inc. boosted its position in shares of Skyworks Solutions by 4,721.2% during the second quarter. Epoch Investment Partners Inc. now owns 124,339 shares of the semiconductor manufacturer’s stock valued at $13,763,000 after purchasing an additional 121,760 shares in the last quarter. LSV Asset Management grew its holdings in Skyworks Solutions by 24.2% in the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock worth $171,675,000 after purchasing an additional 338,820 shares during the period. AM Squared Ltd bought a new position in shares of Skyworks Solutions during the second quarter valued at approximately $66,000. California Public Employees Retirement System lifted its holdings in shares of Skyworks Solutions by 3.1% during the third quarter. California Public Employees Retirement System now owns 321,152 shares of the semiconductor manufacturer’s stock valued at $31,662,000 after purchasing an additional 9,692 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of Skyworks Solutions by 1.5% in the 2nd quarter. New York State Teachers Retirement System now owns 176,854 shares of the semiconductor manufacturer’s stock worth $19,576,000 after purchasing an additional 2,552 shares in the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Up 0.4 %

SWKS opened at $105.05 on Monday. The company has a market capitalization of $16.83 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.93 and a beta of 1.40. The firm has a 50-day simple moving average of $106.42 and a two-hundred day simple moving average of $101.54. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $122.45.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.33 EPS. Analysts forecast that Skyworks Solutions, Inc. will post 5.71 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.59%. Skyworks Solutions’s payout ratio is currently 48.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 target price on shares of Skyworks Solutions in a research note on Wednesday, January 31st. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. TheStreet downgraded Skyworks Solutions from a “b-” rating to a “c+” rating in a report on Thursday, November 16th. Mizuho boosted their target price on Skyworks Solutions from $108.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Finally, Piper Sandler reissued a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average price target of $115.10.

Get Our Latest Research Report on SWKS

Insider Transactions at Skyworks Solutions

In related news, SVP Karilee A. Durham sold 3,189 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $110.00, for a total value of $350,790.00. Following the completion of the transaction, the senior vice president now owns 17,323 shares of the company’s stock, valued at approximately $1,905,530. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Karilee A. Durham sold 3,189 shares of Skyworks Solutions stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $110.00, for a total transaction of $350,790.00. Following the completion of the transaction, the senior vice president now directly owns 17,323 shares of the company’s stock, valued at approximately $1,905,530. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Reza Kasnavi sold 5,289 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $94.04, for a total transaction of $497,377.56. Following the transaction, the senior vice president now owns 19,078 shares in the company, valued at $1,794,095.12. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Skyworks Solutions Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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