Elo Mutual Pension Insurance Co Grows Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Elo Mutual Pension Insurance Co increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,451 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,199 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Skyworks Solutions were worth $1,459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stephens Inc. AR boosted its holdings in shares of Skyworks Solutions by 9.5% during the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock valued at $380,000 after buying an additional 372 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Skyworks Solutions by 126.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock worth $9,047,000 after acquiring an additional 57,146 shares in the last quarter. Barclays PLC grew its holdings in Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after purchasing an additional 949,407 shares during the period. Captrust Financial Advisors increased its stake in shares of Skyworks Solutions by 20.2% during the third quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock valued at $3,615,000 after purchasing an additional 6,151 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $29,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SWKS has been the subject of a number of recent research reports. B. Riley cut Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Citigroup upped their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Morgan Stanley reduced their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $83.78.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Down 3.3 %

NASDAQ:SWKS opened at $64.12 on Friday. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The business has a fifty day moving average price of $73.20 and a 200-day moving average price of $85.46. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data 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%. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.37%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 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.