Keynote Financial Services LLC Purchases 526 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Keynote Financial Services LLC raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 14,943 shares of the semiconductor manufacturer’s stock after buying an additional 526 shares during the quarter. Skyworks Solutions accounts for 1.0% of Keynote Financial Services LLC’s holdings, making the stock its 26th largest position. Keynote Financial Services LLC’s holdings in Skyworks Solutions were worth $1,325,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Erste Asset Management GmbH purchased a new position in shares of Skyworks Solutions during the third quarter worth about $27,000. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions during the fourth quarter valued at approximately $28,000. Investors Research Corp grew its stake in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 213 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Skyworks Solutions in the 3rd quarter worth $40,000. Finally, Quest Partners LLC purchased a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $41,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SWKS shares. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. The Goldman Sachs Group reduced their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Piper Sandler decreased their price objective on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Finally, Susquehanna decreased their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $83.78.

Insider Activity

In other news, CEO Philip G. Brace bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Up 4.0 %

NASDAQ SWKS opened at $66.66 on Friday. The business’s 50-day moving average is $82.15 and its 200 day moving average is $90.66. The stock has a market capitalization of $10.71 billion, a PE ratio of 20.45, a PEG ratio of 1.79 and a beta of 1.14. 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, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) 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 forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

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

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.