Touchstone Capital Inc. Has $5.04 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Touchstone Capital Inc. cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,848 shares of the semiconductor manufacturer’s stock after selling 260 shares during the quarter. Skyworks Solutions accounts for 4.8% of Touchstone Capital Inc.’s holdings, making the stock its 10th biggest position. Touchstone Capital Inc.’s holdings in Skyworks Solutions were worth $5,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Skyworks Solutions by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock valued at $1,827,170,000 after purchasing an additional 53,389 shares during the period. BlackRock Inc. boosted its position in Skyworks Solutions by 3.3% during the 2nd quarter. BlackRock Inc. now owns 13,442,087 shares of the semiconductor manufacturer’s stock worth $1,487,905,000 after acquiring an additional 433,378 shares during the last quarter. State Street Corp grew its stake in shares of Skyworks Solutions by 3.7% during the 1st quarter. State Street Corp now owns 7,677,613 shares of the semiconductor manufacturer’s stock worth $905,804,000 after acquiring an additional 276,958 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Skyworks Solutions by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after acquiring an additional 136,188 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Skyworks Solutions by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 3,536,039 shares of the semiconductor manufacturer’s stock worth $416,436,000 after acquiring an additional 60,213 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on SWKS. StockNews.com cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday. Piper Sandler reissued a “neutral” rating and set a $90.00 target price on shares of Skyworks Solutions in a report on Thursday, January 4th. B. Riley raised their price target on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 target price on shares of Skyworks Solutions in a research report on Wednesday, January 31st. Finally, Susquehanna boosted their price target on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $115.10.

Skyworks Solutions Trading Up 0.4 %

SWKS opened at $108.32 on Friday. The stock has a market cap of $17.36 billion, a PE ratio of 19.21, a PEG ratio of 1.99 and a beta of 1.37. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average of $105.05 and a 200-day moving average of $101.02. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $118.42.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 earnings per share. Equities research analysts predict that Skyworks Solutions, Inc. will post 5.68 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s payout ratio is 48.23%.

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.