Alpine Woods Capital Investors LLC Raises Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Alpine Woods Capital Investors LLC boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,799 shares of the semiconductor manufacturer’s stock after buying an additional 2,406 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Skyworks Solutions were worth $2,554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empirical Finance LLC grew its stake in shares of Skyworks Solutions by 2.2% in the third quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock worth $551,000 after acquiring an additional 121 shares in the last quarter. Resources Management Corp CT ADV grew its stake in shares of Skyworks Solutions by 3.4% in the third quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after acquiring an additional 142 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Skyworks Solutions by 5.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after acquiring an additional 143 shares in the last quarter. Savant Capital LLC grew its stake in shares of Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock worth $271,000 after acquiring an additional 144 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Skyworks Solutions by 18.4% in the third quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer’s stock worth $93,000 after acquiring an additional 146 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $67.19 on Friday. The company has a 50-day simple moving average of $78.73 and a 200-day simple moving average of $88.49. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The stock has a market capitalization of $10.80 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.17%. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

Wall Street Analyst Weigh In

Several research firms have commented on SWKS. Bank of America dropped their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research note on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Finally, B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $83.78.

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.