KBC Group NV Has $110.70 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

KBC Group NV boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 114.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,248,273 shares of the semiconductor manufacturer’s stock after buying an additional 664,874 shares during the period. KBC Group NV owned approximately 0.78% of Skyworks Solutions worth $110,697,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Erste Asset Management GmbH acquired a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $27,000. Investors Research Corp grew its holdings in shares of Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the last quarter. Matrix Trust Co acquired a new position in shares of Skyworks Solutions in the third quarter valued at approximately $39,000. Valley Wealth Managers Inc. bought a new position in Skyworks Solutions in the 3rd quarter valued at approximately $40,000. Finally, Quest Partners LLC acquired a new stake in Skyworks Solutions during the 3rd quarter worth approximately $41,000. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $91.20 on Monday. 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, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86. The company has a market cap of $14.58 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15. The stock’s 50 day simple moving average is $89.31 and its 200-day simple moving average is $97.11.

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, beating the consensus estimate of $1.52 by $0.03. The firm had revenue of $1.03 billion for 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 previous year, the company posted $1.95 EPS. As a group, equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s payout ratio is currently 75.68%.

Insiders Place Their Bets

In related news, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SWKS shares. Loop Capital began coverage on Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Citigroup upped their target price on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th. JPMorgan Chase & Co. dropped their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Mizuho reduced their price objective on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Finally, Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average target price of $101.12.

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.