Boussard & Gavaudan Investment Management LLP Acquires New Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Boussard & Gavaudan Investment Management LLP bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 60,996 shares of the semiconductor manufacturer’s stock, valued at approximately $5,393,000.

A number of other institutional investors have also added to or reduced their stakes in SWKS. Norges Bank bought a new position in shares of Skyworks Solutions during the fourth quarter valued at approximately $228,646,000. Pzena Investment Management LLC boosted its position in Skyworks Solutions by 37.5% during the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock valued at $499,273,000 after acquiring an additional 1,536,289 shares in the last quarter. Barclays PLC increased its holdings in shares of Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after acquiring an additional 949,407 shares during the period. Wellington Management Group LLP boosted its position in Skyworks Solutions by 52.0% during the third quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after purchasing an additional 775,470 shares in the last quarter. Finally, KBC Group NV grew its holdings in Skyworks Solutions by 114.0% in the fourth quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer’s stock worth $110,697,000 after purchasing an additional 664,874 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research analysts have issued reports on SWKS shares. Morgan Stanley cut their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Rosenblatt Securities reiterated a “neutral” rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Trading Down 1.9 %

SWKS stock opened at $66.30 on Friday. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The business’s 50-day moving average is $73.79 and its 200 day moving average is $85.80. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

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.