Howard Capital Management Inc. Buys 745 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Howard Capital Management Inc. grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,019 shares of the semiconductor manufacturer’s stock after acquiring an additional 745 shares during the period. Howard Capital Management Inc.’s holdings in Skyworks Solutions were worth $3,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Erste Asset Management GmbH bought a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new position in Skyworks Solutions in the fourth quarter worth approximately $28,000. Investors Research Corp raised its stake in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 213 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in Skyworks Solutions in the third quarter worth approximately $40,000. Finally, Quest Partners LLC bought a new position in Skyworks Solutions in the third quarter worth approximately $41,000. Institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group reduced their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Bank of America reduced their price objective 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Price Performance

Shares of SWKS opened at $67.21 on Friday. The firm has a market capitalization of $10.80 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The company’s fifty day moving average price is $84.49 and its 200-day moving average price is $91.92.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business 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 dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 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.