Handelsbanken Fonder AB Purchases 14,906 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Handelsbanken Fonder AB raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,009 shares of the semiconductor manufacturer’s stock after purchasing an additional 14,906 shares during the quarter. Handelsbanken Fonder AB owned 0.06% of Skyworks Solutions worth $11,131,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. AXQ Capital LP bought a new position in Skyworks Solutions in the third quarter valued at about $789,000. Highland Capital Management LLC raised its position in shares of Skyworks Solutions by 91.4% during the fourth quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock worth $4,785,000 after acquiring an additional 20,330 shares during the last quarter. LSV Asset Management raised its position in shares of Skyworks Solutions by 24.2% during the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock worth $171,675,000 after acquiring an additional 338,820 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Skyworks Solutions by 10,450.2% during the fourth quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer’s stock worth $9,500,000 after acquiring an additional 83,706 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Skyworks Solutions by 3.1% during the third quarter. California Public Employees Retirement System now owns 321,152 shares of the semiconductor manufacturer’s stock worth $31,662,000 after acquiring an additional 9,692 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Up 1.8 %

Shares of NASDAQ:SWKS opened at $101.12 on Thursday. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.84 and a beta of 1.37. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The business’s 50 day moving average is $104.11 and its 200 day moving average is $101.73.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. Skyworks Solutions’s quarterly revenue was down 9.6% on a year-over-year basis. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 2.69%. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SWKS. StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. B. Riley raised their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. TD Cowen raised their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Susquehanna raised their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 target price on shares of Skyworks Solutions in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $115.10.

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.