Nicholas Company Inc. Raises Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Nicholas Company Inc. lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 30.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 675,076 shares of the semiconductor manufacturer’s stock after acquiring an additional 157,255 shares during the period. Nicholas Company Inc.’s holdings in Skyworks Solutions were worth $59,866,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SWKS. Erste Asset Management GmbH purchased a new stake in shares of Skyworks Solutions during the third quarter worth about $27,000. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions in the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management purchased a new stake in Skyworks Solutions in the fourth quarter valued at approximately $33,000. Finally, Investors Research Corp boosted its position in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SWKS. The Goldman Sachs Group dropped their target price on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Rosenblatt Securities reiterated a “neutral” rating and issued a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Piper Sandler dropped their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Citigroup upped their target price on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Finally, Barclays decreased their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.78.

Insider Buying and Selling at Skyworks Solutions

In other news, CEO Philip G. Brace acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Skyworks Solutions Trading Up 3.3 %

Shares of SWKS stock opened at $69.40 on Friday. The stock has a 50-day simple moving average of $77.92 and a 200 day simple moving average of $87.94. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The stock has a market capitalization of $11.16 billion, a P/E ratio of 21.29, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced 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 net margin of 13.02% and a return on equity of 12.60%. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend 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.