Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by KBC Group NV

KBC Group NV boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 114.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,248,273 shares of the semiconductor manufacturer’s stock after acquiring an additional 664,874 shares during the period. KBC Group NV’s holdings in Skyworks Solutions were worth $110,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Blue Trust Inc. grew its holdings in shares of Skyworks Solutions by 53.9% in the 4th quarter. Blue Trust Inc. now owns 2,031 shares of the semiconductor manufacturer’s stock worth $180,000 after acquiring an additional 711 shares during the last quarter. CX Institutional lifted its position in shares of Skyworks Solutions by 16.4% during the 4th quarter. CX Institutional now owns 3,709 shares of the semiconductor manufacturer’s stock worth $329,000 after purchasing an additional 522 shares during the last quarter. Impact Partnership Wealth LLC raised its stake in shares of Skyworks Solutions by 25.6% in the 4th quarter. Impact Partnership Wealth LLC now owns 10,128 shares of the semiconductor manufacturer’s stock valued at $898,000 after buying an additional 2,062 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Skyworks Solutions by 8.2% in the fourth quarter. Inspire Investing LLC now owns 26,999 shares of the semiconductor manufacturer’s stock valued at $2,394,000 after acquiring an additional 2,049 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Skyworks Solutions by 14.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 41,669 shares of the semiconductor manufacturer’s stock valued at $3,695,000 after purchasing an additional 5,294 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $91.20 on Monday. The stock has a market cap of $14.58 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The stock has a fifty day moving average of $89.31 and a 200-day moving average of $97.11. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm’s revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 earnings per share. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is 75.68%.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the transaction, the senior vice president now owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. This trade represents a 6.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SWKS shares. B. Riley cut their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Susquehanna reduced their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Loop Capital assumed coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They set a “hold” rating and a $90.00 price objective on the stock. Finally, Morgan Stanley cut their target price on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $101.12.

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.