Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 343.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,502 shares of the semiconductor manufacturer's stock after purchasing an additional 84,802 shares during the period. APG Asset Management N.V. owned about 0.07% of Skyworks Solutions worth $9,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Resonant Capital Advisors LLC lifted its holdings in Skyworks Solutions by 5.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer's stock valued at $267,000 after purchasing an additional 143 shares in the last quarter. Savant Capital LLC raised its holdings in shares of Skyworks Solutions by 5.0% during the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock valued at $271,000 after acquiring an additional 144 shares during the last quarter. Motley Fool Asset Management LLC lifted its position in shares of Skyworks Solutions by 7.5% in the fourth quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock valued at $209,000 after acquiring an additional 165 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Skyworks Solutions by 7.5% in the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock worth $213,000 after acquiring an additional 167 shares during the last quarter. Finally, PAX Financial Group LLC increased its position in shares of Skyworks Solutions by 0.8% during the fourth quarter. PAX Financial Group LLC now owns 21,979 shares of the semiconductor manufacturer's stock worth $1,949,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

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Skyworks Solutions Stock Performance

NASDAQ:SWKS traded down $0.34 during mid-day trading on Tuesday, reaching $57.38. The stock had a trading volume of 1,436,212 shares, compared to its average volume of 2,805,584. The business has a 50 day simple moving average of $64.69 and a 200 day simple moving average of $81.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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%. On average, analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.88%. Skyworks Solutions's payout ratio is currently 85.89%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company's stock, valued at $661,300. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SWKS. Citigroup boosted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a report on Friday, January 10th. Bank of America dropped their target price on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group decreased their target price 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. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Argus lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $83.78.

About Skyworks Solutions

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.