Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,886 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,830 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Skyworks Solutions were worth $3,892,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SWKS. Resources Management Corp CT ADV grew its holdings in Skyworks Solutions by 3.4% during the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after acquiring an additional 142 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in Skyworks Solutions by 5.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after purchasing an additional 143 shares in the last quarter. Savant Capital LLC increased its holdings in Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock valued at $271,000 after buying an additional 144 shares during the last quarter. Private Trust Co. NA raised its stake in Skyworks Solutions by 18.4% during the third quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer’s stock valued at $93,000 after buying an additional 146 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in Skyworks Solutions by 7.5% during the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer’s stock worth $213,000 after buying an additional 167 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 3.3 %

SWKS stock opened at $64.12 on Friday. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The firm’s 50-day moving average is $73.20 and its two-hundred day moving average is $85.55. 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 (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SWKS shares. 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 report on Thursday, February 6th. Citigroup raised their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Bank of America cut their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a report on Thursday, February 6th. Finally, Piper Sandler dropped their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $83.78.

Insider Activity

In other news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is currently 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.