Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Peterson Wealth Services

Peterson Wealth Services grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,632 shares of the semiconductor manufacturer’s stock after purchasing an additional 386 shares during the period. Peterson Wealth Services’ holdings in Skyworks Solutions were worth $2,097,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SWKS. True Wealth Design LLC acquired a new position in shares of Skyworks Solutions during the fourth quarter valued at $26,000. Fortis Capital Advisors LLC acquired a new position in shares of Skyworks Solutions during the fourth quarter valued at $27,000. Tyler Stone Wealth Management acquired a new position in shares of Skyworks Solutions during the second quarter valued at $29,000. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Skyworks Solutions by 98.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 155 shares during the period. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Skyworks Solutions during the third quarter valued at $34,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SWKS has been the topic of a number of research analyst reports. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. TD Cowen lifted their target price on Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a report on Wednesday, January 31st. Finally, B. Riley lifted their target price on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” 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 assigned a buy rating to the stock. According to MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $115.10.

Skyworks Solutions Trading Down 0.4 %

SWKS traded down $0.37 during trading on Thursday, reaching $98.10. The company had a trading volume of 342,246 shares, compared to its average volume of 2,280,689. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The company has a market cap of $15.72 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.84 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The firm’s 50-day simple moving average is $104.77 and its 200 day simple moving average is $101.70.

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

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.77%. Skyworks Solutions’s payout ratio is presently 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.