DnB Asset Management AS Boosts Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

DnB Asset Management AS grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 31.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 854,234 shares of the semiconductor manufacturer's stock after buying an additional 202,577 shares during the period. DnB Asset Management AS owned 0.53% of Skyworks Solutions worth $75,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quest Partners LLC bought a new position in Skyworks Solutions during the 3rd quarter worth approximately $41,000. Cerity Partners LLC grew its holdings in Skyworks Solutions by 3.8% during the 3rd quarter. Cerity Partners LLC now owns 25,817 shares of the semiconductor manufacturer's stock worth $2,550,000 after acquiring an additional 954 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Skyworks Solutions by 9.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 21,953 shares of the semiconductor manufacturer's stock worth $2,168,000 after acquiring an additional 1,916 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $866,000. Finally, Private Trust Co. NA boosted its position 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 valued at $93,000 after purchasing an additional 146 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS traded down $0.22 during midday trading on Tuesday, reaching $64.42. The company had a trading volume of 524,656 shares, compared to its average volume of 2,646,415. The stock has a market cap of $10.35 billion, a P/E ratio of 19.74, a P/E/G ratio of 1.79 and a beta of 1.18. The company's 50 day moving average price is $72.62 and its 200 day moving average price is $85.09. 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, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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 net margin of 13.02% and a return on equity of 12.60%. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date was Monday, February 24th. Skyworks Solutions's dividend payout ratio is currently 85.89%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SWKS. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Rosenblatt Securities restated 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. The Goldman Sachs Group dropped their price objective 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. Morgan Stanley reduced their target price on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, Citigroup upped their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus price target 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.