UniSuper Management Pty Ltd Has $3.89 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

UniSuper Management Pty Ltd boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.3% in the fourth quarter, HoldingsChannel reports. The fund owned 43,886 shares of the semiconductor manufacturer’s stock after buying an additional 5,830 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Skyworks Solutions were worth $3,892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Erste Asset Management GmbH acquired a new stake in shares of Skyworks Solutions during the third quarter worth approximately $27,000. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Skyworks Solutions during the 4th quarter valued at $29,000. Picton Mahoney Asset Management purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at $33,000. Finally, Quest Partners LLC acquired a new position in shares of Skyworks Solutions in the third quarter worth $41,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group reduced their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Bank of America cut their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, February 6th. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $83.78.

Insider Activity at Skyworks Solutions

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

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $64.12 on Friday. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month 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 company has a market cap of $10.31 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.79 and a beta of 1.18. The business’s 50 day moving average is $73.20 and its two-hundred day moving average is $85.55.

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

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s payout ratio is presently 85.89%.

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.