Obermeyer Wood Investment Counsel Lllp Has $430,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Obermeyer Wood Investment Counsel Lllp boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 50.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,827 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,290 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Skyworks Solutions were worth $430,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in Skyworks Solutions during the fourth quarter worth $26,000. Fortis Capital Advisors LLC acquired a new position in Skyworks Solutions during the fourth quarter worth $27,000. Tyler Stone Wealth Management acquired a new stake in shares of Skyworks Solutions in the second quarter valued at $29,000. Global Wealth Management Investment Advisory Inc. increased its stake 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 buying an additional 155 shares in the last quarter. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Skyworks Solutions in the third quarter valued at $34,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SWKS. Rosenblatt Securities restated a “buy” rating and issued a $130.00 target price on shares of Skyworks Solutions in a research note on Wednesday, January 31st. TD Cowen raised their price target on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. StockNews.com cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Finally, Susquehanna raised their price target on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $115.10.

Skyworks Solutions Stock Down 0.9 %

Shares of NASDAQ:SWKS traded down $0.85 during trading on Thursday, hitting $97.62. 2,202,322 shares of the company were exchanged, compared to its average volume of 2,307,008. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.84 and a beta of 1.37. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The firm has a fifty day moving average price of $104.77 and a two-hundred day moving average price of $101.70. 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 (NASDAQ:SWKS) last posted its quarterly earnings results 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 return on equity of 18.68% and a net margin of 19.48%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm earned $2.33 EPS. The business’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid 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 2.79%. Skyworks Solutions’s dividend payout ratio (DPR) 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.