Alberta Investment Management Corp Has $3.35 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Alberta Investment Management Corp raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 464.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,800 shares of the semiconductor manufacturer's stock after purchasing an additional 31,100 shares during the period. Alberta Investment Management Corp's holdings in Skyworks Solutions were worth $3,352,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Forsta AP Fonden lifted its stake in Skyworks Solutions by 27.0% in the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock valued at $3,674,000 after acquiring an additional 7,900 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Skyworks Solutions by 9.5% during the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock valued at $380,000 after purchasing an additional 372 shares in the last quarter. Versor Investments LP lifted its stake in shares of Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock valued at $1,966,000 after purchasing an additional 10,658 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Skyworks Solutions by 25.3% in the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock worth $152,915,000 after purchasing an additional 325,672 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Skyworks Solutions by 126.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock worth $9,047,000 after buying an additional 57,146 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SWKS shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Stifel Nicolaus lowered Skyworks Solutions from a "buy" rating to a "hold" rating and reduced their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price target on Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Citigroup lifted their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research report on Friday, January 10th. Finally, Craig Hallum decreased their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded down $0.11 during mid-day trading on Friday, hitting $67.21. The stock had a trading volume of 3,160,379 shares, compared to its average volume of 3,375,596. The company's 50 day simple moving average is $84.96 and its 200 day simple moving average is $92.20. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.79 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86.

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

Skyworks Solutions Dividend Announcement

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

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.