Achmea Investment Management B.V. Sells 4,289 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Achmea Investment Management B.V. trimmed its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,218 shares of the semiconductor manufacturer's stock after selling 4,289 shares during the quarter. Achmea Investment Management B.V. owned 0.06% of Skyworks Solutions worth $8,178,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Erste Asset Management GmbH bought a new stake in shares of Skyworks Solutions during the third quarter worth $27,000. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions in the 4th quarter worth $28,000. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions during the 4th quarter worth about $29,000. Investors Research Corp raised its stake in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after purchasing an additional 213 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Skyworks Solutions in the 3rd quarter valued at about $40,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Down 1.0 %

Shares of Skyworks Solutions stock opened at $67.19 on Friday. The firm's 50 day moving average is $78.73 and its 200 day moving average is $88.49. The firm has a market capitalization of $10.80 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

Remove Ads

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

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Monday, February 24th. Skyworks Solutions's payout ratio is 85.89%.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.35% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Citigroup lifted their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a report on Friday, January 10th. Stifel Nicolaus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating and decreased their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Barclays decreased their target price on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Finally, Morgan Stanley decreased their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Skyworks Solutions presently has an average rating of "Hold" and an average target price 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.

Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.