98,227 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 98,227 shares of the semiconductor manufacturer’s stock, valued at approximately $8,711,000. KLP Kapitalforvaltning AS owned 0.06% of Skyworks Solutions at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Stephens Inc. AR grew its position in Skyworks Solutions by 9.5% during the fourth quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock valued at $380,000 after buying an additional 372 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Skyworks Solutions by 126.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock valued at $9,047,000 after acquiring an additional 57,146 shares during the last quarter. Barclays PLC grew 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 valued at $191,023,000 after acquiring an additional 949,407 shares during the period. Captrust Financial Advisors increased 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 purchasing an additional 6,151 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in shares of Skyworks Solutions during the 3rd quarter worth approximately $1,570,000. Institutional investors own 85.43% of the company’s stock.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SWKS shares. Morgan Stanley reduced their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Rosenblatt Securities reiterated a “neutral” rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Bank of America cut their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research report on Thursday, February 6th. Finally, Piper Sandler lowered their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Up 2.6 %

SWKS stock opened at $69.02 on Tuesday. The company’s 50 day moving average is $75.26 and its 200 day moving average is $86.28. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. 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 1-year low of $62.01 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data 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%. Sell-side analysts predict 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. Stockholders of record on Monday, February 24th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s payout ratio is currently 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.