Unique Wealth Strategies LLC Makes New $747,000 Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

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

Other large investors have also made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. grew its position in shares of Skyworks Solutions by 98.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 155 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $34,000. AdvisorNet Financial Inc grew its position in shares of Skyworks Solutions by 790.0% in 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 lifted its holdings in Skyworks Solutions by 8,000.0% in the fourth 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 lifted its holdings in Skyworks Solutions by 47.9% in the fourth 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 currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on SWKS. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a report on Wednesday, January 31st. Susquehanna upped their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. B. Riley upped their price target on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Piper Sandler restated a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. Finally, StockNews.com cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $115.10.

Skyworks Solutions Stock Up 1.3 %

NASDAQ:SWKS traded up $1.35 during trading hours on Friday, hitting $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 stock has a market capitalization of $16.71 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37. The stock has a fifty day moving average of $104.07 and a 200-day moving average of $101.78. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 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%. Skyworks Solutions’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 posted $2.33 earnings per share. On average, equities analysts forecast that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Announces Dividend

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

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.