Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 29.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,800 shares of the semiconductor manufacturer’s stock after selling 11,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Skyworks Solutions were worth $2,554,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SWKS. Empirical Finance LLC increased its stake in shares of Skyworks Solutions by 2.2% during the third quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock worth $551,000 after buying an additional 121 shares during the period. Arvest Investments Inc. increased its stake in shares of Skyworks Solutions by 1.1% during the third quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock worth $1,257,000 after buying an additional 133 shares during the period. Resources Management Corp CT ADV increased its stake in shares of Skyworks Solutions by 3.4% during the third quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after buying an additional 142 shares during the period. Resonant Capital Advisors LLC increased its stake in shares of Skyworks Solutions by 5.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after buying an additional 143 shares during the period. Finally, Savant Capital LLC increased its stake in shares of Skyworks Solutions by 5.0% during the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock worth $271,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SWKS has been the topic of several recent analyst reports. Piper Sandler dropped their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Bank of America dropped their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Finally, Barclays dropped their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $66.78 on Thursday. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The business has a fifty day moving average of $83.07 and a two-hundred day moving average of $91.21. The company has a market cap of $10.73 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14.

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

Skyworks Solutions Dividend Announcement

The company 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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

About Skyworks Solutions

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.