Robeco Institutional Asset Management B.V. Raises Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Robeco Institutional Asset Management B.V. lifted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 27.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 301,581 shares of the semiconductor manufacturer’s stock after acquiring an additional 64,534 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Skyworks Solutions were worth $26,744,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SWKS. Erste Asset Management GmbH acquired a new stake in Skyworks Solutions during the 3rd quarter worth about $27,000. Investors Research Corp boosted its stake 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 worth $34,000 after buying an additional 213 shares during the last quarter. Matrix Trust Co acquired a new stake in Skyworks Solutions during the third quarter worth about $39,000. Valley Wealth Managers Inc. purchased a new position in Skyworks Solutions during the third quarter valued at approximately $40,000. Finally, Quest Partners LLC acquired a new position in Skyworks Solutions in the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 0.8 %

Skyworks Solutions stock opened at $89.40 on Friday. 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 firm has a 50 day moving average price of $89.77 and a 200 day moving average price of $96.71. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The company has a market capitalization of $14.30 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. The firm had revenue of $1.03 billion for 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%. Skyworks Solutions’s revenue was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 EPS. Research analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.13%. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of analyst reports. Susquehanna dropped their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Barclays cut their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Mizuho dropped their target price on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reduced their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $101.12.

Insider Transactions at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares in the company, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Profile

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.