Royal London Asset Management Ltd. Acquires 4,086 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Royal London Asset Management Ltd. increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,703 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,086 shares during the period. Royal London Asset Management Ltd.’s holdings in Skyworks Solutions were worth $6,937,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc raised its position in Skyworks Solutions by 790.0% in the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 316 shares during the last quarter. Vestor Capital LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $43,000. West Branch Capital LLC increased its position in shares of Skyworks Solutions by 8,000.0% during the 4th quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock worth $46,000 after purchasing an additional 400 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Skyworks Solutions by 47.9% during the 4th quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock worth $47,000 after purchasing an additional 136 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Skyworks Solutions by 48.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 427 shares of the semiconductor manufacturer’s stock worth $48,000 after purchasing an additional 139 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SWKS has been the topic of a number of recent analyst reports. Mizuho decreased their target price on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Benchmark lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. UBS Group reduced their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Susquehanna restated a “neutral” rating and issued a $90.00 price target (down from $125.00) on shares of Skyworks Solutions in a research note on Wednesday, May 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $106.25.

View Our Latest Report on SWKS

Skyworks Solutions Trading Down 1.0 %

Shares of SWKS stock opened at $90.81 on Friday. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 4.30 and a beta of 1.24. The stock has a 50-day moving average of $97.23 and a 200-day moving average of $102.13. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. On average, equities research analysts forecast that Skyworks Solutions, Inc. will post 5.22 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

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 given a dividend of $0.68 per share. The ex-dividend date is Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 3.00%. Skyworks Solutions’s payout ratio is 51.13%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin bought 11,142 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the transaction, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the transaction, the director now owns 60,881 shares in the company, valued at $5,495,727.87. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Liam Griffin purchased 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the acquisition, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Company Profile

(Free Report)

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.

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

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