Royal London Asset Management Ltd. Purchases 4,567 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Royal London Asset Management Ltd. increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,392 shares of the semiconductor manufacturer's stock after acquiring an additional 4,567 shares during the period. Royal London Asset Management Ltd.'s holdings in Skyworks Solutions were worth $6,242,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. VSM Wealth Advisory LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $56,000. Xponance Inc. boosted its position in Skyworks Solutions by 14.0% during the 4th quarter. Xponance Inc. now owns 25,212 shares of the semiconductor manufacturer's stock worth $2,236,000 after acquiring an additional 3,103 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Skyworks Solutions by 93.9% in the fourth quarter. Advisors Asset Management Inc. now owns 45,143 shares of the semiconductor manufacturer's stock worth $4,003,000 after purchasing an additional 21,860 shares in the last quarter. Haven Capital Group Inc. acquired a new position in shares of Skyworks Solutions during the fourth quarter valued at $1,457,000. Finally, Cibc World Markets Corp increased its holdings in shares of Skyworks Solutions by 410.4% during the fourth quarter. Cibc World Markets Corp now owns 110,804 shares of the semiconductor manufacturer's stock valued at $9,826,000 after purchasing an additional 89,096 shares during the period. 85.43% of the stock is currently owned by institutional investors.

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Skyworks Solutions Stock Down 0.8 %

Shares of Skyworks Solutions stock traded down $0.57 during midday trading on Tuesday, hitting $68.45. The company's stock had a trading volume of 660,597 shares, compared to its average volume of 2,572,997. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $11.00 billion, a P/E ratio of 21.00, a PEG ratio of 1.79 and a beta of 1.18. The stock has a 50-day simple moving average of $75.26 and a 200-day simple moving average of $86.28.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 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%. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 yield of 4.09%. Skyworks Solutions's dividend payout ratio is presently 85.89%.

Insiders Place Their Bets

In related news, CEO Philip G. Brace purchased 10,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares of the company's stock, valued at $661,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SWKS shares. Rosenblatt Securities reiterated a "neutral" rating and issued a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Citigroup increased their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a report on Friday, January 10th. Piper Sandler dropped their target price on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Mizuho cut Skyworks Solutions from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $83.78.

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.