PFG Investments LLC Raises Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

PFG Investments LLC raised its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 37.9% during the first quarter, HoldingsChannel reports. The firm owned 6,531 shares of the semiconductor manufacturer’s stock after buying an additional 1,794 shares during the period. PFG Investments LLC’s holdings in Skyworks Solutions were worth $707,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SWKS. Global Wealth Management Investment Advisory Inc. lifted its position in Skyworks Solutions by 98.1% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 155 shares during the period. Milestone Investment Advisors LLC acquired a new stake in shares of Skyworks Solutions during the third quarter worth $34,000. ST Germain D J Co. Inc. grew its position in Skyworks Solutions by 60.5% in the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 130 shares during the last quarter. AdvisorNet Financial Inc increased its stake in Skyworks Solutions by 790.0% in the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 316 shares during the period. Finally, Vestor Capital LLC acquired a new stake in shares of Skyworks Solutions in the 4th quarter worth $43,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of SWKS stock traded up $3.56 during trading hours on Monday, hitting $107.86. The company’s stock had a trading volume of 2,601,300 shares, compared to its average volume of 2,293,705. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $104.15 and a 200-day moving average of $101.91. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 1.93 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (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%. Skyworks Solutions’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 EPS. As a group, equities research analysts anticipate that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s dividend payout ratio is presently 48.23%.

Analysts Set New Price Targets

Several research firms recently issued reports on SWKS. StockNews.com cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a research note on Wednesday, January 31st. B. Riley lifted their price target on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Piper Sandler reiterated a “neutral” rating and issued a $90.00 price objective on shares of Skyworks Solutions in a research report on Thursday, January 4th. Finally, TD Cowen boosted their target price on shares of Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $115.10.

Skyworks Solutions Company 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.