E Fund Management Co. Ltd. Acquires 957 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

E Fund Management Co. Ltd. grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 41.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,255 shares of the semiconductor manufacturer’s stock after buying an additional 957 shares during the period. E Fund Management Co. Ltd.’s holdings in Skyworks Solutions were worth $289,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SWKS. Charles Schwab Investment Management Inc. boosted its stake in Skyworks Solutions by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer’s stock worth $452,135,000 after acquiring an additional 267,343 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Skyworks Solutions by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock valued at $408,410,000 after purchasing an additional 28,009 shares during the period. FMR LLC boosted its position in shares of Skyworks Solutions by 7.3% during the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock worth $265,853,000 after purchasing an additional 182,130 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Skyworks Solutions by 52.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock worth $223,994,000 after purchasing an additional 775,470 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Skyworks Solutions by 96.4% in 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 during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 8.5 %

Shares of NASDAQ:SWKS opened at $72.61 on Friday. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The company has a market capitalization of $11.67 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The business has a fifty day moving average price of $79.89 and a two-hundred day moving average price of $89.29. 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 results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a $0.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 3.86%. Skyworks Solutions’s payout ratio is 85.89%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SWKS. The Goldman Sachs Group dropped their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Stifel Nicolaus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price target for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Susquehanna decreased their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Finally, Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average price target of $83.78.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is owned by company insiders.

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.