Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,803 shares of the semiconductor manufacturer’s stock after buying an additional 224 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Skyworks Solutions were worth $1,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Apollon Wealth Management LLC grew its holdings in Skyworks Solutions by 20.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,003 shares of the semiconductor manufacturer’s stock worth $297,000 after buying an additional 506 shares in the last quarter. GSA Capital Partners LLP bought a new position in Skyworks Solutions during the third quarter valued at about $380,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Skyworks Solutions by 2.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 440,559 shares of the semiconductor manufacturer’s stock valued at $43,514,000 after buying an additional 11,182 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Skyworks Solutions by 30.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,388 shares of the semiconductor manufacturer’s stock valued at $433,000 after purchasing an additional 1,022 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in shares of Skyworks Solutions by 6.2% in the third quarter. OneDigital Investment Advisors LLC now owns 4,501 shares of the semiconductor manufacturer’s stock valued at $445,000 after purchasing an additional 263 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $69.40 on Friday. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The firm has a fifty day simple moving average of $77.92 and a 200 day simple moving average of $87.94. The company has a market capitalization of $11.16 billion, a PE ratio of 21.29, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Wall Street Analyst Weigh In

SWKS has been the subject of a number of analyst reports. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Bank of America dropped their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Finally, Barclays decreased their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.78.

Insiders Place Their Bets

In related news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.35% of the company’s stock.

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.