Covestor Ltd Purchases 491 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Covestor Ltd raised its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 28.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,189 shares of the semiconductor manufacturer’s stock after acquiring an additional 491 shares during the quarter. Covestor Ltd’s holdings in Skyworks Solutions were worth $194,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $29,000. Picton Mahoney Asset Management bought a new stake in Skyworks Solutions during the fourth quarter worth about $33,000. Manchester Capital Management LLC boosted its position in Skyworks Solutions by 325.2% during the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock valued at $49,000 after purchasing an additional 426 shares during the last quarter. Finally, VSM Wealth Advisory LLC bought a new position in Skyworks Solutions in the fourth quarter valued at approximately $56,000. Institutional investors own 85.43% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Down 10.7 %

SWKS opened at $53.84 on Friday. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.79 and a beta of 1.21. 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, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86. The company has a 50-day simple moving average of $65.87 and a 200 day simple moving average of $82.37.

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 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%. Analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 5.20%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SWKS shares. Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Mizuho lowered 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 research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $83.78.

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.