BNP Paribas Buys New Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

BNP Paribas purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 250 shares of the semiconductor manufacturer’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC purchased a new position in Skyworks Solutions during the 3rd quarter valued at about $297,000. Advisors Asset Management Inc. lifted its stake in Skyworks Solutions by 172.1% in the third quarter. Advisors Asset Management Inc. now owns 4,871 shares of the semiconductor manufacturer’s stock worth $480,000 after acquiring an additional 3,081 shares during the period. Schroder Investment Management Group boosted its holdings in Skyworks Solutions by 34.8% in the third quarter. Schroder Investment Management Group now owns 226,495 shares of the semiconductor manufacturer’s stock valued at $22,330,000 after acquiring an additional 58,482 shares in the last quarter. Toroso Investments LLC increased its position in Skyworks Solutions by 10.5% during the 3rd quarter. Toroso Investments LLC now owns 11,619 shares of the semiconductor manufacturer’s stock valued at $1,146,000 after purchasing an additional 1,106 shares during the period. Finally, Creative Planning lifted its position in shares of Skyworks Solutions by 78.5% in the 3rd quarter. Creative Planning now owns 263,024 shares of the semiconductor manufacturer’s stock worth $25,932,000 after purchasing an additional 115,634 shares during the period. Institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SWKS shares. Susquehanna reissued 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. Mizuho lowered their target price 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. JPMorgan Chase & Co. decreased their price objective on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Rosenblatt Securities dropped their target price on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, Wells Fargo & Company decreased their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average price target of $107.19.

Get Our Latest Research Report on SWKS

Skyworks Solutions Trading Up 0.8 %

Shares of NASDAQ:SWKS opened at $106.38 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $115.69. The company has a market cap of $17.07 billion, a P/E ratio of 20.00, a PEG ratio of 5.02 and a beta of 1.23. The stock’s fifty day moving average price is $97.77 and its 200-day moving average price is $102.45.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Sell-side analysts expect that Skyworks Solutions, Inc. will post 5.14 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were issued a dividend of $0.68 per share. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.56%. Skyworks Solutions’s payout ratio is 51.13%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction dated 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 of the company’s stock, valued at $5,495,727.87. The transaction was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the transaction, the director now directly owns 60,881 shares in the company, valued at $5,495,727.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Liam Griffin acquired 11,142 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were acquired 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 owns 104,153 shares in the company, valued at $9,373,770. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

Skyworks Solutions 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.

Further Reading

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

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