Greenwich Wealth Management LLC Has $1.93 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Greenwich Wealth Management LLC grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 21,803 shares of the semiconductor manufacturer’s stock after acquiring an additional 224 shares during the period. Greenwich Wealth Management LLC’s holdings in Skyworks Solutions were worth $1,933,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SWKS. Pzena Investment Management LLC grew its holdings in shares of Skyworks Solutions by 37.5% during the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock valued at $499,273,000 after buying an additional 1,536,289 shares during the last quarter. Barclays PLC grew 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 valued at $191,023,000 after buying an additional 949,407 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Skyworks Solutions by 52.0% during the third quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after buying an additional 775,470 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Skyworks Solutions by 5,769.6% during the third quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer’s stock valued at $71,708,000 after buying an additional 713,636 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Skyworks Solutions by 114.0% during the fourth quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer’s stock valued at $110,697,000 after buying an additional 664,874 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SWKS shares. Citigroup lifted their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Piper Sandler reduced their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Trading Up 3.3 %

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

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%. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.03%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 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.