Entropy Technologies LP Buys 2,679 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Entropy Technologies LP grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 43.5% during the fourth quarter, HoldingsChannel reports. The firm owned 8,834 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,679 shares during the quarter. Entropy Technologies LP’s holdings in Skyworks Solutions were worth $783,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vest Financial LLC grew its holdings in shares of Skyworks Solutions by 28.0% during the 4th quarter. Vest Financial LLC now owns 3,185 shares of the semiconductor manufacturer’s stock worth $282,000 after acquiring an additional 696 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $28,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Skyworks Solutions by 4.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,307 shares of the semiconductor manufacturer’s stock worth $1,535,000 after purchasing an additional 671 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in Skyworks Solutions by 5.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 465,240 shares of the semiconductor manufacturer’s stock worth $41,257,000 after purchasing an additional 24,681 shares during the period. Finally, Strategic Financial Concepts LLC bought a new position in Skyworks Solutions in the fourth quarter worth $1,708,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 0.9 %

Shares of SWKS stock opened at $65.23 on Wednesday. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The stock has a market capitalization of $10.49 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.45 and a beta of 1.14. The firm’s 50 day moving average is $88.01 and its 200 day moving average is $94.17.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Research analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Craig Hallum cut their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Mizuho lowered shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Piper Sandler reduced their price objective on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $83.78.

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.