2,709 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by Headlands Technologies LLC

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Skyworks Solutions by 0.3% during the third quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock worth $1,827,170,000 after purchasing an additional 53,389 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Skyworks Solutions by 3.4% during the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after buying an additional 136,188 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Skyworks Solutions by 11.8% during the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after buying an additional 321,243 shares in the last quarter. Northern Trust Corp raised its position in shares of Skyworks Solutions by 8.3% in the third quarter. Northern Trust Corp now owns 2,091,132 shares of the semiconductor manufacturer’s stock valued at $206,165,000 after buying an additional 160,178 shares during the last quarter. Finally, LSV Asset Management lifted its stake in shares of Skyworks Solutions by 24.2% in the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock worth $171,675,000 after buying an additional 338,820 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Trading Up 1.3 %

NASDAQ SWKS opened at $104.30 on Friday. 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 stock has a market capitalization of $16.71 billion, a P/E ratio of 18.49, a PEG ratio of 1.93 and a beta of 1.37. The firm’s 50-day moving average is $104.07 and its two-hundred day moving average is $101.80. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69.

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

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. The ex-dividend date was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 2.61%. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several research reports. KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Skyworks Solutions in a report on Thursday, January 4th. TD Cowen boosted their price objective 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, Susquehanna upped their target price on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $115.10.

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.