BI Asset Management Fondsmaeglerselskab A S Sells 3,937 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

BI Asset Management Fondsmaeglerselskab A S reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 49.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,018 shares of the semiconductor manufacturer’s stock after selling 3,937 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Skyworks Solutions were worth $356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions in the 4th quarter valued at $29,000. Picton Mahoney Asset Management acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth $33,000. Manchester Capital Management LLC raised its stake in Skyworks Solutions by 325.2% during the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock worth $49,000 after buying an additional 426 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Skyworks Solutions by 53.2% in the fourth quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock valued at $56,000 after buying an additional 218 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on SWKS shares. Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Citigroup increased their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Morgan Stanley lowered their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Stifel Nicolaus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and cut their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $82.39.

Skyworks Solutions Stock Up 4.8 %

SWKS opened at $61.50 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. The firm has a market capitalization of $9.64 billion, a P/E ratio of 18.87, a PEG ratio of 1.79 and a beta of 1.21. The company’s 50-day moving average is $63.38 and its 200 day moving average is $79.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

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

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.55%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Skyworks Solutions 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.