Van ECK Associates Corp Has $138.62 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Van ECK Associates Corp cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,563,088 shares of the semiconductor manufacturer’s stock after selling 47,557 shares during the quarter. Van ECK Associates Corp owned approximately 0.98% of Skyworks Solutions worth $138,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC raised its position in Skyworks Solutions by 20.2% during the third quarter. CWM LLC now owns 8,195 shares of the semiconductor manufacturer’s stock valued at $809,000 after acquiring an additional 1,375 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Skyworks Solutions during the 3rd quarter valued at $69,000. Creative Planning lifted its stake in shares of Skyworks Solutions by 2.4% in the 3rd quarter. Creative Planning now owns 148,142 shares of the semiconductor manufacturer’s stock valued at $14,632,000 after purchasing an additional 3,540 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Skyworks Solutions by 6.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 15,862 shares of the semiconductor manufacturer’s stock valued at $1,567,000 after purchasing an additional 922 shares during the last quarter. Finally, Twelve Points Wealth Management LLC boosted its holdings in Skyworks Solutions by 9.5% in the third quarter. Twelve Points Wealth Management LLC now owns 16,753 shares of the semiconductor manufacturer’s stock worth $1,655,000 after purchasing an additional 1,450 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SWKS has been the subject of a number of analyst reports. Barclays reduced their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Piper Sandler lowered their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Loop Capital began coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They issued a “hold” rating and a $90.00 price target on the stock. Finally, Stifel Nicolaus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $66.18 on Friday. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The company has a market capitalization of $10.64 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.45 and a beta of 1.14. The stock has a 50 day moving average of $87.17 and a two-hundred day moving average of $93.78. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 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%. As a group, equities analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a $0.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.23%. Skyworks Solutions’s payout ratio is currently 85.89%.

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.