Skyworks Solutions, Inc. (NASDAQ:SWKS) Holdings Raised by EntryPoint Capital LLC

EntryPoint Capital LLC increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 115.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,326 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,920 shares during the quarter. EntryPoint Capital LLC’s holdings in Skyworks Solutions were worth $650,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new position in Skyworks Solutions in the third quarter worth about $41,000. Pathstone Holdings LLC lifted its holdings in shares of Skyworks Solutions by 6.8% in the 3rd quarter. Pathstone Holdings LLC now owns 22,640 shares of the semiconductor manufacturer’s stock worth $2,236,000 after purchasing an additional 1,433 shares during the last quarter. Caprock Group LLC acquired a new position in Skyworks Solutions during the 3rd quarter valued at approximately $219,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Skyworks Solutions during the 3rd quarter worth $403,000. Finally, Advisors Asset Management Inc. increased its position in Skyworks Solutions by 10.8% in the third quarter. Advisors Asset Management Inc. now owns 23,283 shares of the semiconductor manufacturer’s stock worth $2,300,000 after buying an additional 2,270 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several analyst reports. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Citigroup increased their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Piper Sandler reduced their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Rosenblatt Securities reiterated a “neutral” rating and issued a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Bank of America dropped their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Up 2.6 %

Skyworks Solutions stock opened at $69.02 on Tuesday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The firm’s fifty day simple moving average is $75.26 and its 200-day simple moving average is $86.28. The company has a market capitalization of $11.09 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly 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 net margin of 13.02% and a return on equity of 12.60%. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.06%. Skyworks Solutions’s payout ratio is 85.89%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

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.