25,482 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Purchased by SVB Wealth LLC

SVB Wealth LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,482 shares of the semiconductor manufacturer’s stock, valued at approximately $2,260,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. US Bancorp DE increased its holdings in shares of Skyworks Solutions by 3.7% in the third quarter. US Bancorp DE now owns 48,302 shares of the semiconductor manufacturer’s stock valued at $4,771,000 after purchasing an additional 1,705 shares in the last quarter. F M Investments LLC bought a new position in Skyworks Solutions in the 3rd quarter valued at $200,000. Confluence Wealth Services Inc. acquired a new stake in shares of Skyworks Solutions in the 3rd quarter valued at $220,000. Van ECK Associates Corp increased its stake in shares of Skyworks Solutions by 25.3% in 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 period. Finally, Fort L.P. bought a new stake in shares of Skyworks Solutions during the third quarter worth $211,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SWKS shares. Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Loop Capital began coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 price objective on the stock. Finally, Barclays lowered their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and an average price target of $83.78.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $66.66 on Friday. The firm has a market cap of $10.71 billion, a P/E ratio of 20.45, a PEG ratio of 1.79 and a beta of 1.14. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The firm’s 50 day moving average price is $82.15 and its two-hundred day moving average price is $90.66.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

About Skyworks Solutions

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.