KLP Kapitalforvaltning AS Invests $8.71 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

KLP Kapitalforvaltning AS purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 98,227 shares of the semiconductor manufacturer's stock, valued at approximately $8,711,000. KLP Kapitalforvaltning AS owned approximately 0.06% of Skyworks Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Sei Investments Co. boosted its stake in Skyworks Solutions by 29.7% in the 4th quarter. Sei Investments Co. now owns 218,521 shares of the semiconductor manufacturer's stock worth $19,377,000 after purchasing an additional 50,055 shares during the period. American Century Companies Inc. lifted its position in Skyworks Solutions by 18.1% in the 4th quarter. American Century Companies Inc. now owns 215,361 shares of the semiconductor manufacturer's stock worth $19,098,000 after buying an additional 33,037 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of Skyworks Solutions by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 15,137 shares of the semiconductor manufacturer's stock valued at $1,342,000 after buying an additional 4,780 shares during the period. Quantbot Technologies LP grew its holdings in shares of Skyworks Solutions by 245.4% during the 4th quarter. Quantbot Technologies LP now owns 73,019 shares of the semiconductor manufacturer's stock valued at $6,475,000 after acquiring an additional 51,878 shares in the last quarter. Finally, Summit Global Investments acquired a new position in shares of Skyworks Solutions in the fourth quarter worth $967,000. Institutional investors and hedge funds own 85.43% of the company's stock.

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Skyworks Solutions Stock Performance

NASDAQ:SWKS traded down $0.80 during trading hours on Tuesday, hitting $68.22. 2,148,253 shares of the company traded hands, compared to its average volume of 2,577,894. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The firm has a 50-day moving average of $74.79 and a 200 day moving average of $86.07. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Monday, February 24th. Skyworks Solutions's dividend payout ratio is presently 85.89%.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $661,300. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on SWKS. Piper Sandler reduced their price objective on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Citigroup boosted their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research note on Friday, January 10th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Bank of America decreased their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group cut their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of "Hold" and a consensus price target of $83.78.

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.