2,035 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Acquired by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,035 shares of the semiconductor manufacturer’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWKS. Teacher Retirement System of Texas boosted its stake in shares of Skyworks Solutions by 3.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 12,456 shares of the semiconductor manufacturer’s stock worth $1,228,000 after acquiring an additional 418 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Skyworks Solutions by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 207,654 shares of the semiconductor manufacturer’s stock valued at $20,473,000 after purchasing an additional 3,166 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Skyworks Solutions by 8.2% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,287 shares of the semiconductor manufacturer’s stock valued at $324,000 after purchasing an additional 249 shares during the period. NBC Securities Inc. bought a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $288,000. Finally, Achmea Investment Management B.V. raised its position in shares of Skyworks Solutions by 59.7% during the 3rd quarter. Achmea Investment Management B.V. now owns 49,943 shares of the semiconductor manufacturer’s stock valued at $4,924,000 after purchasing an additional 18,662 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

SWKS has been the topic of several recent analyst reports. Benchmark downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, May 1st. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Susquehanna reiterated a “neutral” rating and issued a $90.00 price target (down from $125.00) on shares of Skyworks Solutions in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $106.25.

Check Out Our Latest Analysis on SWKS

Skyworks Solutions Trading Up 0.6 %

Shares of SWKS stock traded up $0.51 during trading hours on Friday, reaching $91.72. 505,991 shares of the stock were exchanged, compared to its average volume of 2,340,068. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $100.00 and its 200-day moving average price is $102.08. The firm has a market capitalization of $14.72 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 4.38 and a beta of 1.35.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 5.22 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.97%. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Insider Buying and Selling

In related news, CEO Liam Griffin acquired 11,142 shares of the stock in a transaction on Thursday, May 2nd. The stock was bought at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the transaction, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is owned by corporate insiders.

About Skyworks Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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