Resonant Capital Advisors LLC Has $267,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Resonant Capital Advisors LLC increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,010 shares of the semiconductor manufacturer’s stock after buying an additional 143 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Skyworks Solutions were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Erste Asset Management GmbH bought a new stake in Skyworks Solutions in the third quarter valued at approximately $27,000. Investors Research Corp boosted its holdings in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 213 shares during the last quarter. Matrix Trust Co bought a new stake in Skyworks Solutions in the third quarter valued at approximately $39,000. Valley Wealth Managers Inc. bought a new stake in Skyworks Solutions in the third quarter valued at approximately $40,000. Finally, Quest Partners LLC bought a new stake in Skyworks Solutions in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $85.22 on Tuesday. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86. The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.96 and a beta of 1.14. The business’s fifty day moving average is $89.78 and its 200 day moving average is $95.98. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm posted $1.95 earnings per share. The company’s quarterly revenue was down 15.9% on a year-over-year basis. Research analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.29%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insider Activity at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SWKS. Mizuho cut their price target on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. B. Riley cut their price target on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Loop Capital began coverage on Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 price target on the stock. Piper Sandler cut their price target on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Finally, Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.12.

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.