CIBC Asset Management Inc Has $2.48 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

CIBC Asset Management Inc raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,933 shares of the semiconductor manufacturer’s stock after purchasing an additional 660 shares during the period. CIBC Asset Management Inc’s holdings in Skyworks Solutions were worth $2,477,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SWKS. Erste Asset Management GmbH acquired a new position in Skyworks Solutions in the third quarter valued at $27,000. Golden State Wealth Management LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at about $28,000. Investors Research Corp boosted its position in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in Skyworks Solutions in the third quarter worth approximately $40,000. Finally, Quest Partners LLC acquired a new position in Skyworks Solutions in the third quarter valued at approximately $41,000. 85.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SWKS has been the subject of several recent analyst reports. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Mizuho lowered shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Susquehanna dropped their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $67.21 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a 50-day moving average of $84.49 and a 200-day moving average of $91.97. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The company has a market cap of $10.80 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.79 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.17%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

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.