Natixis Advisors LLC Buys 9,007 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Natixis Advisors LLC increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 196,297 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,007 shares during the quarter. Natixis Advisors LLC’s holdings in Skyworks Solutions were worth $17,408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SWKS. Frank Rimerman Advisors LLC lifted its holdings in Skyworks Solutions by 134.8% in the 4th quarter. Frank Rimerman Advisors LLC now owns 14,767 shares of the semiconductor manufacturer’s stock worth $1,310,000 after buying an additional 8,478 shares during the period. Picton Mahoney Asset Management purchased a new stake in Skyworks Solutions in the 4th quarter worth approximately $33,000. Alpine Woods Capital Investors LLC lifted its holdings in Skyworks Solutions by 9.1% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 28,799 shares of the semiconductor manufacturer’s stock worth $2,554,000 after buying an additional 2,406 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Skyworks Solutions by 32.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 175,343 shares of the semiconductor manufacturer’s stock worth $15,500,000 after buying an additional 43,114 shares during the period. Finally, Wealthfront Advisers LLC lifted its holdings in Skyworks Solutions by 135.2% in the 4th quarter. Wealthfront Advisers LLC now owns 42,398 shares of the semiconductor manufacturer’s stock worth $3,760,000 after buying an additional 24,374 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Up 0.4 %

Shares of NASDAQ:SWKS opened at $70.88 on Wednesday. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.79 and a beta of 1.18. The stock has a fifty day simple moving average of $77.08 and a two-hundred day simple moving average of $87.27. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the subject of several research analyst reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their target price on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Piper Sandler lowered their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Finally, Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus 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.