Iowa State Bank Has $2.15 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Iowa State Bank cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,115 shares of the semiconductor manufacturer’s stock after selling 953 shares during the quarter. Iowa State Bank’s holdings in Skyworks Solutions were worth $2,149,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its holdings in Skyworks Solutions by 804.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,883,265 shares of the semiconductor manufacturer’s stock valued at $340,168,000 after buying an additional 2,564,631 shares in the last quarter. Norges Bank acquired a new position in Skyworks Solutions in the 4th quarter valued at $152,111,000. DnB Asset Management AS grew its holdings in Skyworks Solutions by 60.9% in the 3rd quarter. DnB Asset Management AS now owns 1,344,282 shares of the semiconductor manufacturer’s stock valued at $132,533,000 after buying an additional 508,807 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Skyworks Solutions by 40.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock valued at $180,083,000 after buying an additional 465,223 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in Skyworks Solutions in the 1st quarter valued at $53,654,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

Shares of SWKS stock traded down $0.41 on Tuesday, hitting $106.63. 1,765,971 shares of the company’s stock were exchanged, compared to its average volume of 2,376,390. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $117.73. The stock has a market cap of $17.09 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 2.00 and a beta of 1.37. The company has a 50 day moving average of $105.00 and a 200 day moving average of $101.27.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, beating the consensus estimate of $1.95 by $0.02. The firm 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 business’s quarterly revenue was down 9.6% on a year-over-year basis. During the same period last year, the company earned $2.33 earnings per share. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 5.68 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 2.55%. Skyworks Solutions’s dividend payout ratio is presently 48.23%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. B. Riley upped their target price on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Susquehanna upped their target price on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Piper Sandler reiterated a “neutral” rating and set a $90.00 target price on shares of Skyworks Solutions in a research report on Thursday, January 4th. TD Cowen upped their target price on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Mizuho upped their target price on Skyworks Solutions from $108.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $115.10.

Read Our Latest Report on SWKS

Skyworks Solutions Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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