Siemens Fonds Invest GmbH Has $1.96 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Siemens Fonds Invest GmbH boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 479.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,130 shares of the semiconductor manufacturer’s stock after buying an additional 18,311 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Skyworks Solutions were worth $1,962,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Skyworks Solutions in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions in the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $33,000. Manchester Capital Management LLC boosted its stake in shares of Skyworks Solutions by 325.2% during the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock worth $49,000 after acquiring an additional 426 shares during the period. Finally, VSM Wealth Advisory LLC bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 1.4%

Shares of Skyworks Solutions stock opened at $73.32 on Friday. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. 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 stock’s 50-day moving average is $63.39 and its 200 day moving average is $76.45. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The business had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Skyworks Solutions’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 109.80%.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.28% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Stifel Nicolaus lifted their target price on Skyworks Solutions from $62.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, May 8th. The Goldman Sachs Group reduced their target price on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. B. Riley downgraded Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Finally, Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $78.29.

About Skyworks Solutions

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.