Alexander Randolph Advisory Inc. Takes $1.39 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Alexander Randolph Advisory Inc. acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,354 shares of the semiconductor manufacturer’s stock, valued at approximately $1,389,000. Skyworks Solutions accounts for 1.3% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds have also modified their holdings of SWKS. Koshinski Asset Management Inc. increased 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 valued at $460,000 after purchasing an additional 251 shares during the period. Czech National Bank increased its position in shares of Skyworks Solutions by 47.9% during the third quarter. Czech National Bank now owns 27,858 shares of the semiconductor manufacturer’s stock valued at $2,747,000 after purchasing an additional 9,018 shares during the period. Handelsbanken Fonder AB increased its position in shares of Skyworks Solutions by 1.2% during the third quarter. Handelsbanken Fonder AB now owns 84,103 shares of the semiconductor manufacturer’s stock valued at $8,292,000 after purchasing an additional 969 shares during the period. Cavalier Investments LLC increased its position in shares of Skyworks Solutions by 3.7% during the third quarter. Cavalier Investments LLC now owns 5,876 shares of the semiconductor manufacturer’s stock valued at $579,000 after purchasing an additional 210 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Skyworks Solutions by 40.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 22,300 shares of the semiconductor manufacturer’s stock valued at $2,199,000 after buying an additional 6,400 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SWKS shares. B. Riley boosted their price target on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research note on Wednesday, January 31st. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Susquehanna boosted their price target on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and an average price target of $115.10.

Skyworks Solutions Trading Up 1.3 %

Shares of SWKS stock traded up $1.35 on Friday, reaching $104.30. 1,578,071 shares of the stock were exchanged, compared to its average volume of 1,909,419. The stock has a market cap of $16.71 billion, a PE ratio of 18.49, a P/E/G ratio of 1.93 and a beta of 1.37. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. The stock has a 50 day moving average price of $104.07 and a 200 day moving average price of $101.80.

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

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.61%. Skyworks Solutions’s payout ratio is currently 48.23%.

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.