DnB Asset Management AS Boosts Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

DnB Asset Management AS grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 31.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 854,234 shares of the semiconductor manufacturer’s stock after acquiring an additional 202,577 shares during the quarter. DnB Asset Management AS’s holdings in Skyworks Solutions were worth $75,753,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Skyworks Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer’s stock valued at $1,803,915,000 after purchasing an additional 562,783 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Skyworks Solutions by 37.5% in the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock valued at $499,273,000 after buying an additional 1,536,289 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Skyworks Solutions by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer’s stock worth $452,135,000 after acquiring an additional 267,343 shares during the last quarter. Geode Capital Management LLC grew its stake in Skyworks Solutions by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock worth $408,410,000 after acquiring an additional 28,009 shares during the period. Finally, FMR LLC raised its holdings in Skyworks Solutions by 7.3% in the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock valued at $265,853,000 after acquiring an additional 182,130 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is owned by company insiders.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $66.30 on Friday. The company’s fifty day moving average price is $73.79 and its two-hundred day moving average price is $85.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a market capitalization of $10.66 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.22%. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

Analyst Upgrades and Downgrades

SWKS has been the topic of several analyst reports. Bank of America decreased their price objective on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Rosenblatt Securities reissued a “neutral” rating and issued a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Barclays dropped their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Finally, B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the company from $110.00 to $65.00 in a 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Company 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.