Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 35.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 57,135 shares of the semiconductor manufacturer’s stock after selling 31,178 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Skyworks Solutions were worth $3,679,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC boosted its holdings in Skyworks Solutions by 7.8% in the 3rd quarter. AE Wealth Management LLC now owns 193,525 shares of the semiconductor manufacturer’s stock valued at $14,898,000 after purchasing an additional 14,007 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in Skyworks Solutions in the 3rd quarter valued at approximately $12,155,000. JPMorgan Chase & Co. boosted its holdings in Skyworks Solutions by 2.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,163,728 shares of the semiconductor manufacturer’s stock valued at $89,584,000 after purchasing an additional 29,444 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in Skyworks Solutions by 102.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 79,771 shares of the semiconductor manufacturer’s stock valued at $6,141,000 after purchasing an additional 40,390 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Skyworks Solutions by 26.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 671,970 shares of the semiconductor manufacturer’s stock valued at $51,728,000 after acquiring an additional 142,600 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.
Skyworks Solutions Price Performance
SWKS stock opened at $62.66 on Thursday. The firm has a 50 day moving average of $57.13 and a 200-day moving average of $62.67. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90. The company has a current ratio of 2.40, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 24.10 and a beta of 1.30.
Skyworks Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, February 24th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, February 24th. Skyworks Solutions’s payout ratio is currently 109.23%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on SWKS. Royal Bank Of Canada began coverage on shares of Skyworks Solutions in a research report on Wednesday, January 14th. They set a “sector perform” rating and a $65.00 price target for the company. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, February 4th. Susquehanna reduced their price target on shares of Skyworks Solutions from $75.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. BNP Paribas Exane reduced their price target on shares of Skyworks Solutions from $73.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Finally, Barclays upgraded shares of Skyworks Solutions from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $60.00 to $70.00 in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average target price of $70.28.
View Our Latest Research Report on SWKS
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.
See Also
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