E Fund Management Co. Ltd. Buys 957 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

E Fund Management Co. Ltd. boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 41.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,255 shares of the semiconductor manufacturer’s stock after purchasing an additional 957 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Skyworks Solutions were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in shares of Skyworks Solutions by 3.2% in the third quarter. Principal Financial Group Inc. now owns 200,873 shares of the semiconductor manufacturer’s stock valued at $19,840,000 after acquiring an additional 6,302 shares during the period. Equitable Trust Co. boosted its holdings in Skyworks Solutions by 1.6% in the 3rd quarter. Equitable Trust Co. now owns 50,960 shares of the semiconductor manufacturer’s stock valued at $5,033,000 after purchasing an additional 785 shares during the period. CWA Asset Management Group LLC bought a new position in Skyworks Solutions in the 3rd quarter valued at $1,992,000. Assetmark Inc. grew its position in shares of Skyworks Solutions by 8.6% during the 3rd quarter. Assetmark Inc. now owns 204,873 shares of the semiconductor manufacturer’s stock valued at $20,235,000 after purchasing an additional 16,252 shares in the last quarter. Finally, Arvest Investments Inc. increased its holdings in shares of Skyworks Solutions by 1.1% in the third quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock worth $1,257,000 after purchasing an additional 133 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 8.5 %

Shares of SWKS stock opened at $72.61 on Friday. The business has a 50-day moving average of $79.89 and a 200 day moving average of $89.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The stock has a market capitalization of $11.67 billion, a PE ratio of 22.27, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

Insider Transactions at Skyworks Solutions

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SWKS shares. Citigroup lifted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Loop Capital initiated coverage on Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price target for the company. Rosenblatt Securities restated a “neutral” rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Morgan Stanley lowered their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, Barclays cut their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $83.78.

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.