Hsbc Holdings PLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 106.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 412,288 shares of the semiconductor manufacturer’s stock after buying an additional 212,405 shares during the quarter. Hsbc Holdings PLC’s holdings in Skyworks Solutions were worth $26,333,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Norges Bank purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at approximately $121,304,000. FIL Ltd increased its holdings in Skyworks Solutions by 50.5% in the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock worth $329,111,000 after acquiring an additional 1,742,338 shares in the last quarter. Capital Research Global Investors acquired a new position in Skyworks Solutions during the fourth quarter worth $102,279,000. Marshall Wace LLP raised its position in Skyworks Solutions by 391.3% during the third quarter. Marshall Wace LLP now owns 537,814 shares of the semiconductor manufacturer’s stock worth $41,401,000 after acquiring an additional 722,414 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Skyworks Solutions by 22.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,859,197 shares of the semiconductor manufacturer’s stock valued at $244,720,000 after purchasing an additional 717,724 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.
Skyworks Solutions Stock Performance
SWKS opened at $71.18 on Thursday. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90. The firm has a market capitalization of $10.71 billion, a PE ratio of 29.54 and a beta of 1.50. The company has a current ratio of 2.38, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $70.34 and its 200 day moving average price is $63.41.
Skyworks Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th were given a dividend of $0.71 per share. The ex-dividend date was Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a yield of 4.0%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 117.84%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SWKS. TD Cowen lifted their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Craig Hallum upped their price target on shares of Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. Loop Capital lifted their price objective on Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Citigroup boosted their price objective on Skyworks Solutions from $63.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley increased their target price on Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and an average target price of $77.06.
Check Out Our Latest Report on Skyworks Solutions
Skyworks Solutions Profile
Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.
Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.
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