Charles Schwab Investment Management Inc. Has $452.14 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Charles Schwab Investment Management Inc. raised its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,098,497 shares of the semiconductor manufacturer’s stock after acquiring an additional 267,343 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.17% of Skyworks Solutions worth $452,135,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Erste Asset Management GmbH acquired a new stake in shares of Skyworks Solutions during the third quarter worth $27,000. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions in the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions during the 4th quarter worth about $29,000. Investors Research Corp increased its stake in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 213 shares during the last quarter. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Skyworks Solutions in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Piper Sandler dropped their price objective on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. B. Riley cut Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Finally, Loop Capital assumed coverage on Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $66.02 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The stock has a 50 day moving average price of $81.17 and a 200 day moving average price of $89.97. The stock has a market capitalization of $10.61 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. 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%. Analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 4.24%. Skyworks Solutions’s payout ratio is 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.