Skyworks Solutions, Inc. (NASDAQ:SWKS) Stake Boosted by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,392 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,567 shares during the period. Royal London Asset Management Ltd.’s holdings in Skyworks Solutions were worth $6,242,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SWKS. Quest Partners LLC acquired a new stake in Skyworks Solutions during the third quarter worth about $41,000. Pathstone Holdings LLC raised its position in shares of Skyworks Solutions by 6.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,640 shares of the semiconductor manufacturer’s stock worth $2,236,000 after purchasing an additional 1,433 shares during the period. Caprock Group LLC bought a new stake in shares of Skyworks Solutions in the 3rd quarter worth approximately $219,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Skyworks Solutions during the 3rd quarter valued at approximately $403,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Skyworks Solutions during the 3rd quarter valued at approximately $3,862,000. 85.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Philip G. Brace bought 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 transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Down 1.7 %

SWKS stock opened at $67.25 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a market cap of $10.81 billion, a PE ratio of 20.63, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The firm has a 50 day simple moving average of $75.68 and a 200 day simple moving average of $86.51.

Skyworks Solutions (NASDAQ:SWKS) 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 net margin of 13.02% and a return on equity of 12.60%. Equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors 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 dividend on an annualized basis and a yield of 4.16%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Piper Sandler cut their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Bank of America decreased 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. Morgan Stanley cut their price target on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. 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 stock. According to MarketBeat, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $83.78.

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.