Crew Capital Management Ltd. Reduces Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Crew Capital Management Ltd. lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,010 shares of the semiconductor manufacturer’s stock after selling 335 shares during the period. Crew Capital Management Ltd.’s holdings in Skyworks Solutions were worth $226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Safeguard Investment Advisory Group LLC grew its position in Skyworks Solutions by 0.6% in the fourth 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. John G Ullman & Associates Inc. lifted its stake in Skyworks Solutions by 3.1% in the fourth quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 100 shares during the last quarter. Syntax Advisors LLC lifted its stake in Skyworks Solutions by 5.4% in the third 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. Unison Advisors LLC raised its stake in shares of Skyworks Solutions by 0.7% during the fourth quarter. Unison Advisors LLC now owns 16,997 shares of the semiconductor manufacturer’s stock valued at $1,911,000 after acquiring an additional 115 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Skyworks Solutions by 0.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,991 shares of the semiconductor manufacturer’s stock valued at $1,281,000 after acquiring an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SWKS. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. Susquehanna lifted their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. B. Riley boosted their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, January 31st. Finally, TD Cowen boosted their price objective on shares of Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” 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 company presently has an average rating of “Hold” and a consensus price target of $115.10.

Skyworks Solutions Stock Performance

Shares of SWKS traded up $3.56 during trading hours on Monday, reaching $107.86. 2,601,300 shares of the company traded hands, compared to its average volume of 2,293,705. The stock has a market capitalization of $17.28 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.93 and a beta of 1.37. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The business has a fifty day moving average price of $104.07 and a 200-day moving average price of $101.83.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share 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 net margin of 19.48% and a return on equity of 18.68%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.33 earnings per share. Equities analysts anticipate that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced 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. 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 2.52%. Skyworks Solutions’s dividend payout ratio is presently 48.23%.

Skyworks Solutions 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.