Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 2.9% during the third quarter, Holdings Channel reports. The fund owned 55,593 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,584 shares during the quarter. Handelsbanken Fonder AB’s holdings in Skyworks Solutions were worth $4,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of SWKS. Panagora Asset Management Inc. increased its holdings in shares of Skyworks Solutions by 54.0% in the 1st quarter. Panagora Asset Management Inc. now owns 10,415 shares of the semiconductor manufacturer’s stock worth $1,388,000 after acquiring an additional 3,654 shares during the period. LSV Asset Management bought a new position in Skyworks Solutions in the 1st quarter valued at about $11,382,000. Raymond James Trust N.A. grew its position in Skyworks Solutions by 7.8% in the 1st quarter. Raymond James Trust N.A. now owns 2,328 shares of the semiconductor manufacturer’s stock valued at $310,000 after buying an additional 169 shares in the last quarter. Prudential PLC bought a new position in Skyworks Solutions in the 1st quarter valued at about $429,000. Finally, Moors & Cabot Inc. grew its position in Skyworks Solutions by 9.7% in the 1st quarter. Moors & Cabot Inc. now owns 7,249 shares of the semiconductor manufacturer’s stock valued at $966,000 after buying an additional 643 shares in the last quarter. Institutional investors and hedge funds own 75.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Skyworks Solutions from $123.00 to $96.00 and set an “equal weight” rating for the company in a research report on Friday, November 4th. Needham & Company LLC reduced their price objective on shares of Skyworks Solutions from $125.00 to $110.00 in a research report on Tuesday, October 25th. Piper Sandler reduced their price objective on shares of Skyworks Solutions from $145.00 to $110.00 in a research report on Thursday, November 3rd. Barclays reduced their price objective on shares of Skyworks Solutions from $110.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, November 4th. Finally, Mizuho reduced their price objective on shares of Skyworks Solutions from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, November 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.45.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $95.44 on Monday. The company has a 50 day simple moving average of $91.81 and a 200-day simple moving average of $95.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.63 and a quick ratio of 1.64. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 0.73 and a beta of 1.20. Skyworks Solutions, Inc. has a 52-week low of $76.16 and a 52-week high of $159.78.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.17. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.40 billion. Skyworks Solutions had a net margin of 23.25% and a return on equity of 31.00%. Equities research analysts predict that Skyworks Solutions, Inc. will post 8.73 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 13th. Investors of record on Tuesday, November 22nd were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Monday, November 21st. Skyworks Solutions’s payout ratio is presently 31.79%.

Insider Activity at Skyworks Solutions

In related news, SVP Robert John Terry sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $100.60, for a total transaction of $352,100.00. Following the transaction, the senior vice president now owns 11,187 shares of the company’s stock, valued at $1,125,412.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Skyworks Solutions Company Profile

(Get Rating)

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, clocks and timings, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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