Drum Hill Capital LLC Takes Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Drum Hill Capital LLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,139 shares of the semiconductor manufacturer’s stock, valued at approximately $1,875,000. Skyworks Solutions comprises 2.3% of Drum Hill Capital LLC’s holdings, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SWKS. Erste Asset Management GmbH acquired a new position in Skyworks Solutions in the 3rd quarter valued at about $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Skyworks Solutions during the fourth quarter worth approximately $28,000. Investors Research Corp lifted its holdings in shares of 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 purchasing an additional 213 shares during the period. Valley Wealth Managers Inc. purchased a new position in Skyworks Solutions in the 3rd quarter valued at $40,000. Finally, Quest Partners LLC acquired a new position in Skyworks Solutions in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SWKS. Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price target for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Barclays reduced 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. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $67.21 on Friday. 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 company has a market cap of $10.80 billion, a PE ratio of 20.62, a P/E/G ratio of 1.79 and a beta of 1.14. The company’s fifty day simple moving average is $84.49 and its 200-day simple moving average is $91.97. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data 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 net margin of 13.02% and a return on equity of 12.60%. As a group, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

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

Skyworks Solutions Company 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.