IFP Advisors Inc Boosts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

IFP Advisors Inc lifted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,818 shares of the semiconductor manufacturer’s stock after buying an additional 737 shares during the quarter. IFP Advisors Inc’s holdings in Skyworks Solutions were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SWKS. US Bancorp DE raised its holdings in shares of Skyworks Solutions by 3.7% in the 3rd quarter. US Bancorp DE now owns 48,302 shares of the semiconductor manufacturer’s stock valued at $4,771,000 after buying an additional 1,705 shares during the period. F M Investments LLC acquired a new position in Skyworks Solutions during the 3rd quarter worth $200,000. Confluence Wealth Services Inc. acquired a new position in Skyworks Solutions during the 3rd quarter worth $220,000. Van ECK Associates Corp grew its stake in Skyworks Solutions by 25.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock worth $152,915,000 after purchasing an additional 325,672 shares in the last quarter. Finally, Fort L.P. acquired a new position in Skyworks Solutions during the 3rd quarter worth $211,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $66.66 on Friday. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The company has a market capitalization of $10.71 billion, a P/E ratio of 20.45, a PEG ratio of 1.79 and a beta of 1.14. The business has a 50 day moving average price of $82.15 and a 200 day moving average price of $90.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.20%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s payout ratio is currently 85.89%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Craig Hallum lowered their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Susquehanna lowered their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Citigroup boosted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Three 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $83.78.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

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.