J.W. Cole Advisors Inc. Invests $469,000 in Skyworks Solutions, Inc. (NASDAQ:SWKS)

J.W. Cole Advisors Inc. purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,175 shares of the semiconductor manufacturer’s stock, valued at approximately $469,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SWKS. Global Wealth Management Investment Advisory Inc. grew its stake in Skyworks Solutions by 98.1% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 155 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in Skyworks Solutions in the 3rd quarter valued at about $34,000. AdvisorNet Financial Inc grew 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 acquiring an additional 316 shares during the last quarter. West Branch Capital LLC grew its stake in Skyworks Solutions by 8,000.0% in the 4th quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock valued at $46,000 after acquiring an additional 400 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in Skyworks Solutions by 47.9% in the 4th quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock valued at $47,000 after acquiring an additional 136 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 1.2 %

Shares of SWKS stock opened at $99.30 on Wednesday. The firm has a market cap of $15.91 billion, a P/E ratio of 17.61, a PEG ratio of 1.82 and a beta of 1.37. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69. 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’s 50-day simple moving average is $104.21 and its 200-day simple moving average is $101.73.

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, topping the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm posted $2.33 EPS. The company’s revenue was down 9.6% on a year-over-year basis. As a group, equities analysts forecast that Skyworks Solutions, Inc. will post 5.65 EPS for the current 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 issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 2.74%. Skyworks Solutions’s payout ratio is 48.23%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. 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. Susquehanna upped their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Piper Sandler restated a “neutral” rating and issued a $90.00 target price on shares of Skyworks Solutions in a report on Thursday, January 4th. Finally, TD Cowen upped their target price on shares of Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $115.10.

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.