Bernard Wealth Management Corp. Makes New $126,000 Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bernard Wealth Management Corp. bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,424 shares of the semiconductor manufacturer’s stock, valued at approximately $126,000.

Other institutional investors have also modified their holdings of the company. Royal London Asset Management Ltd. lifted its holdings in Skyworks Solutions by 6.9% in the third quarter. Royal London Asset Management Ltd. now owns 65,825 shares of the semiconductor manufacturer’s stock valued at $6,502,000 after acquiring an additional 4,227 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Skyworks Solutions by 6.7% in the 3rd quarter. Stifel Financial Corp now owns 82,531 shares of the semiconductor manufacturer’s stock valued at $8,153,000 after purchasing an additional 5,190 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Skyworks Solutions by 52.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock worth $223,994,000 after purchasing an additional 775,470 shares during the period. Kovitz Investment Group Partners LLC increased its position in shares of Skyworks Solutions by 246.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 18,204 shares of the semiconductor manufacturer’s stock worth $1,798,000 after purchasing an additional 12,955 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in Skyworks Solutions by 0.9% in the 3rd quarter. MML Investors Services LLC now owns 21,156 shares of the semiconductor manufacturer’s stock valued at $2,090,000 after buying an additional 196 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 1.1 %

SWKS opened at $53.38 on Tuesday. The business’s 50-day simple moving average is $69.28 and its 200-day simple moving average is $83.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The company has a market cap of $8.37 billion, a P/E ratio of 16.37, a PEG ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a one year low of $49.80 and a one year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued 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%. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SWKS shares. Bank of America lowered their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus cut shares of 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. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $83.78.

Insider Activity

In other news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

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.