Swiss National Bank Has $56.03 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Swiss National Bank reduced its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 498,400 shares of the semiconductor manufacturer’s stock after selling 13,600 shares during the period. Swiss National Bank’s holdings in Skyworks Solutions were worth $56,030,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Safeguard Investment Advisory Group LLC increased its position in Skyworks Solutions by 0.6% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock worth $1,764,000 after purchasing an additional 99 shares during the period. John G Ullman & Associates Inc. grew its position in shares of Skyworks Solutions by 3.1% during the 4th quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock worth $371,000 after buying an additional 100 shares during the period. Syntax Advisors LLC raised its stake in shares of Skyworks Solutions by 5.4% during the third quarter. Syntax Advisors LLC now owns 2,201 shares of the semiconductor manufacturer’s stock worth $217,000 after buying an additional 113 shares during the last quarter. Unison Advisors LLC lifted its holdings in Skyworks Solutions by 0.7% in the fourth quarter. Unison Advisors LLC now owns 16,997 shares of the semiconductor manufacturer’s stock valued at $1,911,000 after buying an additional 115 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Skyworks Solutions by 0.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,991 shares of the semiconductor manufacturer’s stock valued at $1,281,000 after acquiring an additional 118 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin purchased 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the transaction, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.35% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on SWKS. UBS Group cut their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Rosenblatt Securities reduced their target price on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Mizuho lowered their price target on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Stifel Nicolaus reduced their price objective on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, Susquehanna restated a “neutral” rating and set a $90.00 price objective (down previously from $125.00) on shares of Skyworks Solutions in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $108.86.

Skyworks Solutions Trading Up 3.1 %

NASDAQ SWKS opened at $92.51 on Monday. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 4.00 and a beta of 1.35. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. The stock’s 50 day moving average price is $103.41 and its two-hundred day moving average price is $101.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s payout ratio is 51.13%.

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.