Headlands Technologies LLC Acquires Shares of 2,709 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Headlands Technologies LLC bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,709 shares of the semiconductor manufacturer’s stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in Skyworks Solutions by 40.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock worth $180,083,000 after buying an additional 465,223 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Skyworks Solutions by 42.0% in the third quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock worth $112,951,000 after acquiring an additional 338,838 shares during the period. LSV Asset Management raised its holdings in shares of Skyworks Solutions by 24.2% during the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after purchasing an additional 338,820 shares during the last quarter. Invesco Ltd. lifted its position in Skyworks Solutions by 11.8% during the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock valued at $299,245,000 after purchasing an additional 321,243 shares during the period. Finally, AustralianSuper Pty Ltd bought a new position in Skyworks Solutions during the fourth quarter valued at approximately $29,522,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SWKS shares. StockNews.com lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. TD Cowen upped their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 target price on shares of Skyworks Solutions in a research report on Wednesday, January 31st. Piper Sandler restated a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. Finally, Susquehanna increased their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $115.10.

Skyworks Solutions Trading Up 1.3 %

Shares of SWKS stock opened at $104.30 on Friday. 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 stock has a fifty day simple moving average of $104.07 and a two-hundred day simple moving average of $101.80. The firm has a market capitalization of $16.71 billion, a PE ratio of 18.49, a PEG ratio of 1.93 and a beta of 1.37. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.20 billion. During the same quarter last year, the business posted $2.33 earnings per share. The firm’s revenue was down 9.6% on a year-over-year basis. On average, analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 48.23%.

Skyworks Solutions Company 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.