Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Position Reduced by First Interstate Bank

First Interstate Bank lessened its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,108 shares of the semiconductor manufacturer’s stock after selling 1,010 shares during the period. First Interstate Bank’s holdings in Skyworks Solutions were worth $2,710,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SWKS. Safeguard Investment Advisory Group LLC boosted its stake in shares of Skyworks Solutions by 0.6% during the 4th quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock worth $1,764,000 after acquiring an additional 99 shares in the last quarter. Pinnacle West Asset Management Inc. lifted its position in shares of Skyworks Solutions by 4.2% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 2,460 shares of the semiconductor manufacturer’s stock worth $272,000 after purchasing an additional 100 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of Skyworks Solutions by 4.0% during the 4th quarter. Apollon Wealth Management LLC now owns 2,774 shares of the semiconductor manufacturer’s stock worth $253,000 after purchasing an additional 106 shares during the last quarter. Kinneret Advisory LLC lifted its position in shares of Skyworks Solutions by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 4,818 shares of the semiconductor manufacturer’s stock worth $642,000 after purchasing an additional 108 shares during the last quarter. Finally, Syntax Advisors LLC lifted its position in shares of Skyworks Solutions by 5.4% during the 3rd quarter. Syntax Advisors LLC now owns 2,201 shares of the semiconductor manufacturer’s stock worth $217,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Skyworks Solutions in a report on Thursday, January 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a report on Wednesday, January 31st. Susquehanna upped their price target on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. TD Cowen upped their price target on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Mizuho upped their price target on Skyworks Solutions from $108.00 to $125.00 and gave the company a “buy” rating in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $115.10.

Skyworks Solutions Trading Down 1.2 %

SWKS traded down $1.23 during mid-day trading on Tuesday, reaching $99.01. The stock had a trading volume of 1,774,197 shares, compared to its average volume of 2,310,357. The stock has a market capitalization of $15.86 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The firm’s fifty day simple moving average is $104.87 and its two-hundred day simple moving average is $101.72. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $2.33 EPS. On average, equities analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.75%. Skyworks Solutions’s payout ratio is 48.23%.

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.