Unique Wealth Strategies LLC Acquires New Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Unique Wealth Strategies LLC acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,643 shares of the semiconductor manufacturer’s stock, valued at approximately $747,000.

Other large investors also recently modified their holdings of the company. Global Wealth Management Investment Advisory Inc. grew 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 last quarter. Milestone Investment Advisors LLC bought a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $34,000. AdvisorNet Financial Inc boosted its position in shares of Skyworks Solutions by 790.0% during the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after purchasing an additional 316 shares in the last quarter. West Branch Capital LLC boosted its position in shares of Skyworks Solutions by 8,000.0% during the fourth quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock valued at $46,000 after purchasing an additional 400 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Skyworks Solutions by 47.9% during the fourth quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock valued at $47,000 after purchasing an additional 136 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on SWKS shares. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, January 31st. StockNews.com cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. TD Cowen lifted their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Finally, Susquehanna boosted their price target on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $115.10.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS traded up $1.35 during mid-day trading on Friday, reaching $104.30. The company’s stock had a trading volume of 1,578,071 shares, compared to its average volume of 1,909,419. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. The firm has a market capitalization of $16.71 billion, a PE ratio of 18.49, a P/E/G ratio of 1.91 and a beta of 1.37. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. The stock has a fifty day moving average of $104.07 and a two-hundred day moving average of $101.78.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion during 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 company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the company earned $2.33 EPS. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

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.