Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 74.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,259 shares of the semiconductor manufacturer's stock after purchasing an additional 36,781 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.05% of Skyworks Solutions worth $7,649,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SWKS. AlphaQuest LLC grew its position in shares of Skyworks Solutions by 246.4% in the 4th quarter. AlphaQuest LLC now owns 1,434 shares of the semiconductor manufacturer's stock worth $127,000 after buying an additional 1,020 shares during the last quarter. Amundi grew its position in Skyworks Solutions by 50.7% during the 4th quarter. Amundi now owns 1,265,245 shares of the semiconductor manufacturer's stock worth $115,283,000 after purchasing an additional 425,841 shares during the last quarter. Aviance Capital Partners LLC boosted its holdings in shares of Skyworks Solutions by 6.6% in the 4th quarter. Aviance Capital Partners LLC now owns 29,920 shares of the semiconductor manufacturer's stock valued at $2,653,000 after acquiring an additional 1,864 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at $3,631,000. Finally, E Fund Management Co. Ltd. boosted its holdings in shares of Skyworks Solutions by 41.6% in the 4th quarter. E Fund Management Co. Ltd. now owns 3,255 shares of the semiconductor manufacturer's stock valued at $289,000 after acquiring an additional 957 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

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Insiders Place Their Bets

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, for a total transaction 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 approximately $661,300. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays decreased their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group reduced their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Mizuho cut shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Stifel Nicolaus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating and dropped their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, B. Riley lowered shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $83.78.

Skyworks Solutions Stock Up 3.3 %

Shares of SWKS traded up $2.21 during mid-day trading on Friday, hitting $69.40. 2,866,087 shares of the company's stock were exchanged, compared to its average volume of 2,565,250. The stock's 50-day moving average is $77.92 and its 200-day moving average is $88.07. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Monday, February 24th. Skyworks Solutions's payout ratio is 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.