Mediolanum International Funds Ltd Buys 12,423 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mediolanum International Funds Ltd raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 29.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,158 shares of the semiconductor manufacturer's stock after acquiring an additional 12,423 shares during the quarter. Mediolanum International Funds Ltd's holdings in Skyworks Solutions were worth $4,777,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Forsta AP Fonden raised its position in shares of Skyworks Solutions by 27.0% during the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock worth $3,674,000 after acquiring an additional 7,900 shares during the last quarter. Versor Investments LP grew its holdings in shares of Skyworks Solutions by 115.3% during the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock worth $1,966,000 after buying an additional 10,658 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of 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 valued at $152,915,000 after purchasing an additional 325,672 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer's stock worth $3,615,000 after buying an additional 6,151 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after purchasing an additional 949,407 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SWKS. Morgan Stanley decreased their target price on Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, November 13th. Susquehanna dropped their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. Piper Sandler reduced their price objective on Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating for the company in a research note on Wednesday, November 13th. Finally, Citigroup upped their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $101.12.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares of the company's stock, valued at approximately $2,214,960.72. The trade was a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.34% of the company's stock.

Skyworks Solutions Price Performance

Shares of SWKS stock traded down $0.64 during trading hours on Friday, hitting $88.76. 2,782,612 shares of the company's stock were exchanged, compared to its average volume of 2,185,212. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The business's 50 day simple moving average is $89.84 and its 200-day simple moving average is $96.35. The company has a market capitalization of $14.27 billion, a PE ratio of 23.99, a PEG ratio of 1.99 and a beta of 1.15.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business's revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 EPS. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.15%. Skyworks Solutions's dividend payout ratio (DPR) is presently 75.68%.

Skyworks Solutions 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.