WCM Investment Management LLC Purchases 13,383 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

WCM Investment Management LLC boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 116.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 24,874 shares of the semiconductor manufacturer’s stock after buying an additional 13,383 shares during the quarter. WCM Investment Management LLC’s holdings in Skyworks Solutions were worth $2,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new position in Skyworks Solutions in the third quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions in the 4th quarter worth $28,000. Investors Research Corp raised its stake in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares during the period. Valley Wealth Managers Inc. bought a new stake in shares of Skyworks Solutions in the third quarter valued at about $40,000. Finally, Quest Partners LLC bought a new position in shares of Skyworks Solutions during the third quarter worth about $41,000. 85.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SWKS shares. Citigroup boosted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Loop Capital began coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Barclays lowered their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Finally, B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $64.64 on Tuesday. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The company has a market cap of $10.39 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The company has a 50 day moving average of $88.45 and a 200-day moving average of $94.53. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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 research analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 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.