Western Wealth Management LLC acquired a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) during the first quarter, HoldingsChannel.com reports. The fund acquired 22,810 shares of the semiconductor manufacturer’s stock, valued at approximately $1,221,000.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Skyworks Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after buying an additional 389,168 shares during the last quarter. Pzena Investment Management LLC raised its position in Skyworks Solutions by 27.6% in the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock worth $862,591,000 after acquiring an additional 3,481,658 shares during the period. State Street Corp boosted its stake in shares of Skyworks Solutions by 1.0% during the 4th quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock worth $418,557,000 after acquiring an additional 64,187 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Skyworks Solutions by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer’s stock worth $374,229,000 after acquiring an additional 137,506 shares during the last quarter. Finally, FIL Ltd grew its position in shares of Skyworks Solutions by 50.5% during the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock valued at $329,111,000 after acquiring an additional 1,742,338 shares during the period. 85.43% of the stock is currently owned by institutional investors.
Skyworks Solutions Stock Performance
Shares of NASDAQ SWKS opened at $62.28 on Monday. The stock has a market cap of $9.37 billion, a PE ratio of 32.27 and a beta of 1.51. Skyworks Solutions, Inc. has a 1 year low of $51.93 and a 1 year high of $90.90. The firm has a fifty day moving average price of $68.32 and a 200-day moving average price of $62.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94.
Skyworks Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a yield of 4.6%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 147.15%.
Skyworks Solutions News Roundup
Here are the key news stories impacting Skyworks Solutions this week:
- Positive Sentiment: UBS raised its Skyworks price target to $70, providing one of the few bullish analyst signals and suggesting meaningful upside from recent trading levels. UBS Group Increases Skyworks Solutions Price Target
- Neutral Sentiment: Analyst opinion remains mixed. Skyworks has an average “Hold” recommendation, indicating that brokerages generally see limited near-term catalysts and a relatively balanced risk-reward profile. Skyworks Given Average Hold Recommendation
- Neutral Sentiment: A valuation review concluded that SWKS is trading near estimated fair value, rather than at a clearly discounted level. That limits the appeal of the stock as a value opportunity unless operating fundamentals improve. Skyworks Trades Near Fair Value
- Neutral Sentiment: Broader technology-sector commentary described mixed views on Skyworks, reinforcing uncertainty around its growth outlook relative to other semiconductor and technology companies. Analysts Opinions Are Mixed on Technology Stocks
- Negative Sentiment: Citigroup cut its price target to $64 and TD Cowen lowered its target to $65. These targets leave relatively little upside and signal that analysts are becoming more cautious about the company’s earnings trajectory. Citigroup Lowers Skyworks Price Target TD Cowen Lowers Skyworks Price Target
- Negative Sentiment: JPMorgan, RBC, Stifel and Mizuho also lowered their expectations for Skyworks’ stock, creating a broad wave of negative analyst revisions likely weighing on investor sentiment. JPMorgan Lowers Skyworks Expectations RBC Lowers Skyworks Expectations Stifel Lowers Skyworks Expectations
Analysts Set New Price Targets
Several equities research analysts have recently commented on SWKS shares. Stifel Nicolaus reduced their price objective on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. JPMorgan Chase & Co. reduced their price target on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Finally, UBS Group raised their price objective on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $74.22.
Read Our Latest Research Report on SWKS
About Skyworks Solutions
Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.
Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.
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