Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,441 shares of the semiconductor manufacturer’s stock after buying an additional 592 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Skyworks Solutions were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in SWKS. Koshinski Asset Management Inc. grew its position in shares of Skyworks Solutions by 5.7% during the third quarter. Koshinski Asset Management Inc. now owns 4,666 shares of the semiconductor manufacturer’s stock worth $460,000 after buying an additional 251 shares in the last quarter. Czech National Bank lifted its stake in Skyworks Solutions by 47.9% during the third quarter. Czech National Bank now owns 27,858 shares of the semiconductor manufacturer’s stock worth $2,747,000 after purchasing an additional 9,018 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Skyworks Solutions by 1.2% during the third quarter. Handelsbanken Fonder AB now owns 84,103 shares of the semiconductor manufacturer’s stock worth $8,292,000 after purchasing an additional 969 shares during the last quarter. Cavalier Investments LLC lifted its stake in Skyworks Solutions by 3.7% during the third quarter. Cavalier Investments LLC now owns 5,876 shares of the semiconductor manufacturer’s stock worth $579,000 after purchasing an additional 210 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Skyworks Solutions by 40.3% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 22,300 shares of the semiconductor manufacturer’s stock worth $2,199,000 after purchasing an additional 6,400 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock opened at $104.30 on Friday. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $104.07 and its two-hundred day moving average price is $101.78. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. The stock has a market cap of $16.71 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS 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%. Skyworks Solutions’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 earnings per share. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 2.61%. Skyworks Solutions’s payout ratio is presently 48.23%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. B. Riley raised their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Susquehanna raised their target price on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 target price on shares of Skyworks Solutions in a research note on Wednesday, January 31st. Piper Sandler reiterated a “neutral” rating and issued a $90.00 target price on shares of Skyworks Solutions in a research note on Thursday, January 4th. Finally, KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $115.10.

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.