Western Wealth Management LLC Buys 527 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Western Wealth Management LLC boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,735 shares of the semiconductor manufacturer’s stock after acquiring an additional 527 shares during the period. Western Wealth Management LLC’s holdings in Skyworks Solutions were worth $1,544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SWKS. True Wealth Design LLC bought a new position in shares of Skyworks Solutions in the 4th quarter valued at $26,000. Fortis Capital Advisors LLC bought a new position in shares of Skyworks Solutions in the 4th quarter valued at $27,000. Tyler Stone Wealth Management bought a new position in shares of Skyworks Solutions in the 2nd quarter valued at $29,000. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Skyworks Solutions by 98.1% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 155 shares during the last quarter. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $34,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

SWKS has been the topic of several recent research reports. Susquehanna raised their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. B. Riley raised their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. TD Cowen raised their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $115.10.

Skyworks Solutions Trading Down 1.5 %

Skyworks Solutions stock opened at $96.11 on Friday. The stock has a market cap of $15.40 billion, a P/E ratio of 17.04, a PEG ratio of 1.81 and a beta of 1.37. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The firm’s fifty day moving average price is $104.45 and its 200-day moving average price is $101.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The business’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.33 earnings per share. Equities research analysts forecast that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.83%. Skyworks Solutions’s dividend payout ratio is presently 48.23%.

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.