Fernwood Investment Management LLC Sells 200 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Fernwood Investment Management LLC lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,575 shares of the semiconductor manufacturer’s stock after selling 200 shares during the quarter. Fernwood Investment Management LLC’s holdings in Skyworks Solutions were worth $1,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Skyworks Solutions by 0.3% during the third quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock worth $1,827,170,000 after acquiring an additional 53,389 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Skyworks Solutions by 3.4% during the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after purchasing an additional 136,188 shares during the period. Invesco Ltd. grew its stake in shares of Skyworks Solutions by 11.8% during the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after purchasing an additional 321,243 shares during the period. Northern Trust Corp grew its stake in shares of Skyworks Solutions by 8.3% during the third quarter. Northern Trust Corp now owns 2,091,132 shares of the semiconductor manufacturer’s stock worth $206,165,000 after purchasing an additional 160,178 shares during the period. Finally, LSV Asset Management grew its stake in shares of Skyworks Solutions by 24.2% during the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock worth $171,675,000 after purchasing an additional 338,820 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded up $3.56 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 stock has a fifty day moving average of $104.07 and a two-hundred day moving average of $101.83. The firm has a market capitalization of $17.28 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last released 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 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 revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.33 earnings per share. Research analysts predict that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on SWKS shares. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Piper Sandler reissued a “neutral” rating and issued a $90.00 target price on shares of Skyworks Solutions in a research note on Thursday, January 4th. TD Cowen boosted their target price on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Susquehanna boosted their target price on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Finally, B. Riley boosted their target price on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average target price 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.