Skandinaviska Enskilda Banken AB publ Boosts Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 32.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,343 shares of the semiconductor manufacturer’s stock after buying an additional 43,114 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Skyworks Solutions were worth $15,500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Erste Asset Management GmbH purchased a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Skyworks Solutions during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Skyworks Solutions during the 4th quarter valued at $29,000. Investors Research Corp lifted its holdings in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares during the last quarter. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $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 this hyperlink. Insiders own 0.35% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $67.19 on Friday. The stock has a 50-day simple moving average of $78.73 and a two-hundred day simple moving average of $88.49. The firm has a market capitalization of $10.80 billion, a P/E ratio of 20.61, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS 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%. On average, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Barclays decreased their price objective on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Piper Sandler reduced their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Finally, Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $83.78.

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.