Zurcher Kantonalbank Zurich Cantonalbank Buys 36,781 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 74.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,259 shares of the semiconductor manufacturer's stock after buying an additional 36,781 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of Skyworks Solutions worth $7,649,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Erste Asset Management GmbH bought a new position in Skyworks Solutions during the 3rd quarter worth about $27,000. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $29,000. Investors Research Corp raised its holdings in shares of Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after purchasing an additional 213 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in Skyworks Solutions during the 3rd quarter worth about $40,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SWKS shares. Mizuho downgraded Skyworks Solutions from an "outperform" rating to a "neutral" rating and cut their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Morgan Stanley cut their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Piper Sandler cut their price target on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Finally, Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions has an average rating of "Hold" and an average target price of $83.78.

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Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were purchased 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 in the company, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Up 1.7 %

Shares of SWKS stock traded up $1.18 on Monday, reaching $70.58. 2,727,240 shares of the company were exchanged, compared to its average volume of 2,518,488. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The company has a market cap of $11.35 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.79 and a beta of 1.18. The company has a 50-day moving average of $77.92 and a 200-day moving average of $87.81. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

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 (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%. Analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

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 given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions's payout ratio is 85.89%.

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.