Kestra Investment Management LLC Raises Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Kestra Investment Management LLC raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 50.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,026 shares of the semiconductor manufacturer’s stock after buying an additional 2,342 shares during the quarter. Kestra Investment Management LLC’s holdings in Skyworks Solutions were worth $623,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions in the 3rd quarter valued at $27,000. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions in the 4th quarter valued at $28,000. Investors Research Corp grew its holdings in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of Skyworks Solutions in the 3rd quarter valued at $40,000. Finally, Quest Partners LLC acquired a new position in shares of Skyworks Solutions in the 3rd quarter valued at $41,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SWKS shares. Barclays decreased their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Finally, Bank of America decreased their target price on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Price Performance

SWKS stock opened at $67.02 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a market capitalization of $10.77 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.75 and a beta of 1.14. The business’s 50-day moving average is $85.84 and its two-hundred day moving average is $92.55. 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 quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.18%. Skyworks Solutions’s payout ratio is currently 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.