Migdal Insurance & Financial Holdings Ltd. Decreases Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Migdal Insurance & Financial Holdings Ltd. lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 788 shares of the semiconductor manufacturer’s stock after selling 144 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Skyworks Solutions were worth $90,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Skyworks Solutions by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock valued at $1,827,170,000 after buying an additional 53,389 shares in the last quarter. State Street Corp lifted its stake in Skyworks Solutions by 3.7% in the 1st quarter. State Street Corp now owns 7,677,613 shares of the semiconductor manufacturer’s stock valued at $905,804,000 after buying an additional 276,958 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Skyworks Solutions by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock valued at $407,474,000 after buying an additional 136,188 shares in the last quarter. Geode Capital Management LLC lifted its stake in Skyworks Solutions by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 3,536,039 shares of the semiconductor manufacturer’s stock valued at $416,436,000 after buying an additional 60,213 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Skyworks Solutions by 15.0% during the 4th quarter. Lazard Asset Management LLC now owns 3,285,893 shares of the semiconductor manufacturer’s stock worth $299,442,000 after purchasing an additional 428,364 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 0.9 %

Shares of Skyworks Solutions stock opened at $97.62 on Friday. The business has a 50-day moving average of $104.63 and a 200-day moving average of $101.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. The company has a market capitalization of $15.64 billion, a PE ratio of 17.31, a P/E/G ratio of 1.83 and a beta of 1.37. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69.

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

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 2.79%. Skyworks Solutions’s dividend payout ratio (DPR) is 48.23%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SWKS shares. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a research note on Wednesday, January 31st. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Piper Sandler reissued a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. TD Cowen increased their price target on Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $115.10.

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.