Cerity Partners LLC Raises Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cerity Partners LLC increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,835 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,095 shares during the quarter. Cerity Partners LLC’s holdings in Skyworks Solutions were worth $2,343,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts have commented on SWKS shares. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. B. Riley raised their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 target price on shares of Skyworks Solutions in a report on Thursday, January 4th. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, Susquehanna upped their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average price target of $115.10.

Skyworks Solutions Stock Down 0.9 %

Shares of NASDAQ:SWKS opened at $97.62 on Friday. 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’s 50-day moving average price is $104.63 and its 200-day moving average price is $101.67. The stock has a market capitalization of $15.64 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 1.83 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $2.33 EPS. Skyworks Solutions’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.79%. 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.