16,429 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Acquired by Haven Capital Group Inc.

Haven Capital Group Inc. purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, Holdings Channel reports. The fund purchased 16,429 shares of the semiconductor manufacturer’s stock, valued at approximately $1,457,000. Skyworks Solutions makes up about 1.4% of Haven Capital Group Inc.’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Erste Asset Management GmbH purchased a new position in Skyworks Solutions during the 3rd quarter worth approximately $27,000. Golden State Wealth Management LLC purchased a new position in Skyworks Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in Skyworks Solutions during the 4th quarter worth approximately $29,000. Investors Research Corp increased its holdings in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at approximately $33,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Trading Up 1.7 %

Shares of SWKS opened at $70.58 on Tuesday. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week 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’s fifty day moving average is $77.51 and its two-hundred day moving average is $87.54. The stock has a market cap of $11.35 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 3.97%. Skyworks Solutions’s payout ratio is 85.89%.

Analyst Ratings Changes

SWKS has been the subject of several recent research reports. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions 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. Citigroup lifted their target price 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. The Goldman Sachs Group cut their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Finally, Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $83.78.

Insider Activity

In other news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.34% of the company’s stock.

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.