Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by DnB Asset Management AS

DnB Asset Management AS lifted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 31.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 854,234 shares of the semiconductor manufacturer’s stock after purchasing an additional 202,577 shares during the period. DnB Asset Management AS owned approximately 0.53% of Skyworks Solutions worth $75,753,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Skyworks Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer’s stock valued at $1,803,915,000 after acquiring an additional 562,783 shares in the last quarter. Pzena Investment Management LLC increased its holdings in Skyworks Solutions by 37.5% during the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock worth $499,273,000 after purchasing an additional 1,536,289 shares during the period. Charles Schwab Investment Management Inc. raised its position in Skyworks Solutions by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer’s stock valued at $452,135,000 after purchasing an additional 267,343 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Skyworks Solutions by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock valued at $408,410,000 after buying an additional 28,009 shares during the period. Finally, FMR LLC grew its position in shares of Skyworks Solutions by 7.3% during the third quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock worth $265,853,000 after buying an additional 182,130 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of recent research reports. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Bank of America decreased their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research report on Thursday, February 6th. B. Riley cut Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their price target for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and cut their target price for the stock from $105.00 to $62.00 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Trading Down 1.9 %

NASDAQ SWKS opened at $66.30 on Friday. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The firm has a 50-day moving average price of $73.79 and a 200 day moving average price of $85.80. The stock has a market capitalization of $10.66 billion, a P/E ratio of 20.34, 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 posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.22%. Skyworks Solutions’s payout ratio 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.