Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Clarius Group LLC

Clarius Group LLC reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,063 shares of the semiconductor manufacturer’s stock after selling 119 shares during the period. Clarius Group LLC’s holdings in Skyworks Solutions were worth $232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SWKS. Vanguard Group Inc. raised its holdings in shares of Skyworks Solutions by 0.3% during the third quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock worth $1,827,170,000 after acquiring an additional 53,389 shares in the last quarter. State Street Corp boosted its position in Skyworks Solutions by 3.7% in the first quarter. State Street Corp now owns 7,677,613 shares of the semiconductor manufacturer’s stock valued at $905,804,000 after buying an additional 276,958 shares in the last quarter. Victory Capital Management Inc. increased its position in Skyworks Solutions by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock valued at $407,474,000 after acquiring an additional 136,188 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Skyworks Solutions by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 3,536,039 shares of the semiconductor manufacturer’s stock valued at $416,436,000 after purchasing an additional 60,213 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in Skyworks Solutions by 15.0% during the 4th quarter. Lazard Asset Management LLC now owns 3,285,893 shares of the semiconductor manufacturer’s stock worth $299,442,000 after acquiring an additional 428,364 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on SWKS. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, January 31st. Mizuho raised their target price on shares of Skyworks Solutions from $108.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, December 18th. Piper Sandler reissued a “neutral” rating and set a $90.00 target price on shares of Skyworks Solutions in a report on Thursday, January 4th. Susquehanna increased their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Finally, TD Cowen lifted their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $115.10.

Skyworks Solutions Trading Down 1.3 %

Shares of SWKS stock opened at $100.24 on Tuesday. The stock’s 50-day moving average price is $104.95 and its 200-day moving average price is $101.72. 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. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.88 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 earnings per share. Equities research analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.71%. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

Skyworks Solutions 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.