Alberta Investment Management Corp Boosts Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Alberta Investment Management Corp lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 464.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,800 shares of the semiconductor manufacturer’s stock after buying an additional 31,100 shares during the quarter. Alberta Investment Management Corp’s holdings in Skyworks Solutions were worth $3,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Skyworks Solutions by 292.9% during the 3rd quarter. Blue Trust Inc. now owns 1,320 shares of the semiconductor manufacturer’s stock worth $141,000 after acquiring an additional 984 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Skyworks Solutions by 15.1% during the third quarter. Sequoia Financial Advisors LLC now owns 2,582 shares of the semiconductor manufacturer’s stock valued at $255,000 after purchasing an additional 338 shares in the last quarter. Eastern Bank purchased a new stake in Skyworks Solutions in the third quarter worth $75,000. Waldron Private Wealth LLC grew its stake in Skyworks Solutions by 4.4% in the third quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock worth $314,000 after purchasing an additional 133 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new position in Skyworks Solutions in the third quarter worth $547,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 0.4 %

Shares of SWKS stock opened at $67.32 on Friday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The stock has a market capitalization of $10.82 billion, a P/E ratio of 20.65, a P/E/G ratio of 1.78 and a beta of 1.14. The firm’s 50 day moving average is $84.96 and its 200 day moving average is $92.20.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is currently 85.89%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SWKS shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. The Goldman Sachs Group cut their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Loop Capital initiated coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 target price for the company. Susquehanna dropped their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Finally, B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $83.78.

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.