Impact Partnership Wealth LLC Has $898,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Impact Partnership Wealth LLC increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 25.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,128 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,062 shares during the period. Impact Partnership Wealth LLC’s holdings in Skyworks Solutions were worth $898,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Erste Asset Management GmbH acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $27,000. Investors Research Corp increased its position in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares during the period. Matrix Trust Co acquired a new position in Skyworks Solutions during the 3rd quarter valued at $39,000. Valley Wealth Managers Inc. acquired a new position in Skyworks Solutions during the 3rd quarter valued at $40,000. Finally, Quest Partners LLC bought a new stake in Skyworks Solutions in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SWKS shares. JPMorgan Chase & Co. dropped their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Barclays lowered their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Susquehanna cut their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Mizuho lowered their price objective on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Finally, Loop Capital began coverage on Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 target price for the company. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $101.12.

Skyworks Solutions Stock Up 0.6 %

Shares of SWKS opened at $92.52 on Friday. The business’s fifty day moving average price is $89.16 and its two-hundred day moving average price is $97.37. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 2.03 and a beta of 1.15. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.95 EPS. On average, analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s payout ratio is 75.68%.

Insider Activity

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by company insiders.

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.