CIBC Asset Management Inc Has $2.48 Million Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

CIBC Asset Management Inc increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,933 shares of the semiconductor manufacturer’s stock after purchasing an additional 660 shares during the period. CIBC Asset Management Inc’s holdings in Skyworks Solutions were worth $2,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after buying an additional 949,407 shares in the last quarter. Wellington Management Group LLP raised its stake in Skyworks Solutions by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock worth $223,994,000 after purchasing an additional 775,470 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in Skyworks Solutions by 5,769.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer’s stock valued at $71,708,000 after purchasing an additional 713,636 shares during the period. KBC Group NV grew its position in shares of Skyworks Solutions by 114.0% during the 4th quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer’s stock worth $110,697,000 after purchasing an additional 664,874 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Skyworks Solutions by 25.3% during the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock worth $152,915,000 after purchasing an additional 325,672 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SWKS has been the subject of several recent research reports. Morgan Stanley cut their price target on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Loop Capital began coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Finally, Susquehanna decreased their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $67.21 on Friday. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.79 and a beta of 1.14. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $84.49 and its 200-day moving average price is $91.97. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a $0.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.17%. Skyworks Solutions’s payout ratio is 85.89%.

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.