Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,297 shares of the semiconductor manufacturer's stock after acquiring an additional 4,938 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Skyworks Solutions were worth $5,609,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after buying an additional 949,407 shares during the period. Sculati Wealth Management LLC boosted its position in shares of Skyworks Solutions by 49.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 9,057 shares of the semiconductor manufacturer's stock worth $981,000 after purchasing an additional 2,990 shares during the period. World Investment Advisors LLC acquired a new stake in Skyworks Solutions in the 3rd quarter valued at approximately $4,734,000. Arvest Bank Trust Division purchased a new stake in Skyworks Solutions in the third quarter valued at approximately $11,209,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in Skyworks Solutions by 1.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 65,784 shares of the semiconductor manufacturer's stock worth $6,497,000 after purchasing an additional 1,244 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Insider Buying and Selling

In other news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares of the company's stock, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.28% of the company's stock.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded down $0.51 during midday trading on Tuesday, hitting $61.60. 2,537,572 shares of the company's stock were exchanged, compared to its average volume of 2,847,528. 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 stock has a market cap of $9.66 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The firm's 50 day simple moving average is $63.16 and its 200 day simple moving average is $78.98.

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 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%. Equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's dividend payout ratio is presently 85.89%.

Wall Street Analysts Forecast Growth

SWKS has been the topic of several research analyst reports. B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and cut their price objective for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Piper Sandler lowered their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. The Goldman Sachs Group dropped their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Finally, Citigroup lifted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $80.44.

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.