Guidance Capital Inc. Grows Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Guidance Capital Inc. grew its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,185 shares of the semiconductor manufacturer’s stock after buying an additional 1,002 shares during the period. Guidance Capital Inc.’s holdings in Skyworks Solutions were worth $929,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SWKS. Forsta AP Fonden boosted its holdings in shares of Skyworks Solutions by 27.0% during the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock valued at $3,674,000 after acquiring an additional 7,900 shares during the last quarter. Versor Investments LP grew its position in Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock worth $1,966,000 after purchasing an additional 10,658 shares during the period. Van ECK Associates Corp raised its stake in Skyworks Solutions by 25.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock valued at $152,915,000 after buying an additional 325,672 shares during the last quarter. Barclays PLC lifted its holdings in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after buying an additional 949,407 shares during the period. Finally, Captrust Financial Advisors increased its position in shares of Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock valued at $3,615,000 after purchasing an additional 6,151 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $86.37 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The stock’s fifty day moving average is $89.79 and its 200 day moving average is $95.79. The firm has a market capitalization of $13.88 billion, a PE ratio of 23.34, a PEG ratio of 1.96 and a beta of 1.14. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business earned $1.95 earnings per share. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.24%. Skyworks Solutions’s payout ratio is 75.68%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SWKS shares. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Loop Capital assumed coverage on Skyworks Solutions in a research report on Monday, November 11th. They issued a “hold” rating and a $90.00 price target for the company. Susquehanna lowered their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. B. Riley decreased their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Mizuho dropped their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $101.12.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is owned by corporate insiders.

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.