Aware Super Pty Ltd as trustee of Aware Super Takes Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 168,806 shares of the semiconductor manufacturer's stock, valued at approximately $14,970,000. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.11% of Skyworks Solutions as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Skyworks Solutions in the fourth quarter worth $228,646,000. Pzena Investment Management LLC increased its stake in Skyworks Solutions by 37.5% in the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock valued at $499,273,000 after purchasing an additional 1,536,289 shares in the last quarter. Barclays PLC increased its holdings in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after acquiring an additional 949,407 shares in the last quarter. KBC Group NV lifted its holdings in shares of Skyworks Solutions by 114.0% in the 4th quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer's stock worth $110,697,000 after purchasing an additional 664,874 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Skyworks Solutions by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock valued at $1,803,915,000 after purchasing an additional 562,783 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Trading Up 0.2 %

SWKS stock traded up $0.12 during trading on Friday, hitting $55.98. 2,344,856 shares of the company traded hands, compared to its average volume of 2,823,949. The company has a 50-day moving average of $63.97 and a 200-day moving average of $80.76. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.86. 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 $8.78 billion, a PE ratio of 17.17, a P/E/G ratio of 1.79 and a beta of 1.21.

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%. Analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's payout ratio is presently 85.89%.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SWKS shares. Piper Sandler dropped their price objective on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group cut their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Barclays dropped their price objective on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating on the stock in a report on Friday, January 17th. Bank of America cut their price objective 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, Rosenblatt Securities reissued a "neutral" rating and issued a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Skyworks Solutions has an average rating of "Hold" and an average 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.