Inspire Investing LLC Raises Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Inspire Investing LLC boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,999 shares of the semiconductor manufacturer’s stock after buying an additional 2,049 shares during the period. Inspire Investing LLC’s holdings in Skyworks Solutions were worth $2,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its holdings in Skyworks Solutions by 14.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 41,669 shares of the semiconductor manufacturer’s stock valued at $3,695,000 after buying an additional 5,294 shares during the period. Polianta Ltd purchased a new stake in Skyworks Solutions during the fourth quarter worth about $1,339,000. Aaron Wealth Advisors LLC purchased a new stake in Skyworks Solutions during the fourth quarter worth about $210,000. BTS Asset Management Inc. purchased a new stake in Skyworks Solutions during the fourth quarter worth about $229,000. Finally, 180 Wealth Advisors LLC increased its stake in Skyworks Solutions by 42.5% during the fourth quarter. 180 Wealth Advisors LLC now owns 7,146 shares of the semiconductor manufacturer’s stock worth $634,000 after purchasing an additional 2,130 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $92.00 on Thursday. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a market cap of $14.71 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.07 and a beta of 1.15. The company’s 50 day simple moving average is $88.99 and its 200-day simple moving average is $97.41. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86.

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

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were given a $0.70 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.04%. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Piper Sandler cut their price target on shares of Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Loop Capital assumed coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They set a “hold” rating and a $90.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Finally, Craig Hallum cut their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and a consensus target price of $101.12.

Skyworks Solutions Company 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.