Glenview Trust co Purchases 931 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Glenview Trust co boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 35,401 shares of the semiconductor manufacturer’s stock after buying an additional 931 shares during the period. Glenview Trust co’s holdings in Skyworks Solutions were worth $3,139,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Greenwich Wealth Management LLC lifted its holdings in shares of Skyworks Solutions by 1.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 21,803 shares of the semiconductor manufacturer’s stock worth $1,933,000 after purchasing an additional 224 shares during the period. Natixis Advisors LLC raised its position in Skyworks Solutions by 4.8% during the 4th quarter. Natixis Advisors LLC now owns 196,297 shares of the semiconductor manufacturer’s stock worth $17,408,000 after purchasing an additional 9,007 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in Skyworks Solutions by 134.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 14,767 shares of the semiconductor manufacturer’s stock worth $1,310,000 after buying an additional 8,478 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $33,000. Finally, Alpine Woods Capital Investors LLC raised its position in shares of Skyworks Solutions by 9.1% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 28,799 shares of the semiconductor manufacturer’s stock worth $2,554,000 after acquiring an additional 2,406 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of recent analyst reports. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Piper Sandler lowered their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Up 3.3 %

Shares of NASDAQ:SWKS opened at $69.40 on Monday. The business’s 50 day moving average is $77.92 and its 200 day moving average is $87.81. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 21.29, a PEG 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 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 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 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid 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 4.03%. Skyworks Solutions’s payout ratio is presently 85.89%.

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.