Alberta Investment Management Corp Buys 31,100 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Alberta Investment Management Corp boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 464.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 37,800 shares of the semiconductor manufacturer’s stock after buying an additional 31,100 shares during the quarter. Alberta Investment Management Corp’s holdings in Skyworks Solutions were worth $3,352,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Blue Trust Inc. increased its holdings in Skyworks Solutions by 292.9% in the 3rd quarter. Blue Trust Inc. now owns 1,320 shares of the semiconductor manufacturer’s stock worth $141,000 after acquiring an additional 984 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Skyworks Solutions by 15.1% in the third quarter. Sequoia Financial Advisors LLC now owns 2,582 shares of the semiconductor manufacturer’s stock worth $255,000 after purchasing an additional 338 shares during the period. Eastern Bank bought a new position in shares of Skyworks Solutions in the third quarter worth approximately $75,000. Waldron Private Wealth LLC increased its stake in shares of Skyworks Solutions by 4.4% in the third quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock worth $314,000 after purchasing an additional 133 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $547,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $67.32 on Friday. The company’s 50-day moving average price is $84.96 and its 200-day moving average price is $92.20. 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 $10.82 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.78 and a beta of 1.14. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86.

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

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.16%. Skyworks Solutions’s payout ratio is presently 85.89%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Citigroup upped their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Morgan Stanley decreased their target price on 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. Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Bank of America reduced 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. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.