Skyworks Solutions, Inc. (NASDAQ:SWKS) Holdings Raised by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 60.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,780 shares of the semiconductor manufacturer’s stock after purchasing an additional 48,644 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.08% of Skyworks Solutions worth $11,509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in shares of Skyworks Solutions by 292.9% during the third quarter. Blue Trust Inc. now owns 1,320 shares of the semiconductor manufacturer’s stock valued at $141,000 after acquiring an additional 984 shares during the period. Sequoia Financial Advisors LLC grew its position in Skyworks Solutions by 15.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,582 shares of the semiconductor manufacturer’s stock worth $255,000 after purchasing an additional 338 shares in the last quarter. Eastern Bank acquired a new stake in Skyworks Solutions during the 3rd quarter valued at $75,000. International Assets Investment Management LLC lifted its holdings in shares of Skyworks Solutions by 6,598.9% in the third quarter. International Assets Investment Management LLC now owns 195,274 shares of the semiconductor manufacturer’s stock valued at $19,287,000 after purchasing an additional 192,359 shares in the last quarter. Finally, Mediolanum International Funds Ltd boosted its position in shares of Skyworks Solutions by 6.7% in the third quarter. Mediolanum International Funds Ltd now owns 41,735 shares of the semiconductor manufacturer’s stock worth $4,119,000 after buying an additional 2,611 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

SWKS has been the topic of several recent analyst reports. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock opened at $67.21 on Friday. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The firm has a fifty day simple moving average of $84.49 and a 200-day simple moving average of $91.92. 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 capitalization of $10.80 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.79 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results 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 return on equity of 12.60% and a net margin of 13.02%. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

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.