Boussard & Gavaudan Investment Management LLP Invests $5.39 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Boussard & Gavaudan Investment Management LLP purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 60,996 shares of the semiconductor manufacturer's stock, valued at approximately $5,393,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SWKS. Quest Partners LLC acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth $41,000. Cerity Partners LLC increased its holdings in Skyworks Solutions by 3.8% in the third quarter. Cerity Partners LLC now owns 25,817 shares of the semiconductor manufacturer's stock valued at $2,550,000 after buying an additional 954 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Skyworks Solutions by 9.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 21,953 shares of the semiconductor manufacturer's stock valued at $2,168,000 after acquiring an additional 1,916 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Skyworks Solutions during the 3rd quarter worth approximately $866,000. Finally, Private Trust Co. NA boosted its stake in shares of Skyworks Solutions by 18.4% during the 3rd quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer's stock worth $93,000 after acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction dated 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 completion of the purchase, the chief executive officer now directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.34% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have commented on SWKS shares. Citigroup boosted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research report on Friday, January 10th. Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Morgan Stanley dropped their price target on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating and lowered their price target for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, Bank of America reduced their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and an average price target of $83.78.

Skyworks Solutions Trading Down 0.3 %

SWKS traded down $0.22 during trading on Tuesday, hitting $64.41. 524,656 shares of the company's stock were exchanged, compared to its average volume of 3,466,989. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The stock has a 50 day moving average price of $72.62 and a 200 day moving average price of $85.09. The firm has a market cap of $10.35 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

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 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%. As a group, analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS 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. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.35%. 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.