Robeco Institutional Asset Management B.V. Increases Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Robeco Institutional Asset Management B.V. lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 27.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 301,581 shares of the semiconductor manufacturer’s stock after buying an additional 64,534 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.19% of Skyworks Solutions worth $26,744,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC grew its holdings in Skyworks Solutions by 96.4% during the 3rd 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 in the last quarter. Wellington Management Group LLP grew its holdings in shares of Skyworks Solutions by 52.0% in 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 purchasing an additional 775,470 shares in the last quarter. Mizuho Securities USA LLC increased its position in Skyworks Solutions by 5,769.6% in the third quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer’s stock worth $71,708,000 after purchasing an additional 713,636 shares during the last quarter. KBC Group NV raised its stake in 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 purchasing an additional 664,874 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Skyworks Solutions by 25.3% during the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock valued at $152,915,000 after purchasing an additional 325,672 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the transaction, the senior vice president now directly owns 24,567 shares in the company, valued at $2,214,960.72. The trade was a 6.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by insiders.

Skyworks Solutions Stock Performance

SWKS stock opened at $89.40 on Friday. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86. The business has a 50-day moving average price of $89.77 and a 200 day moving average price of $96.71. The company has a market capitalization of $14.30 billion, a P/E ratio of 24.16, a PEG ratio of 2.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company’s revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.95 EPS. As a group, equities research analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions’s payout ratio is 75.68%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. B. Riley decreased their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. JPMorgan Chase & Co. decreased their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Craig Hallum dropped their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Barclays cut their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Finally, Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.12.

Skyworks Solutions Company 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.