Amundi Buys 425,841 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Amundi raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 50.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,265,245 shares of the semiconductor manufacturer’s stock after buying an additional 425,841 shares during the period. Amundi owned 0.79% of Skyworks Solutions worth $115,283,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SWKS. Principal Financial Group Inc. raised its holdings in Skyworks Solutions by 3.2% during the third quarter. Principal Financial Group Inc. now owns 200,873 shares of the semiconductor manufacturer’s stock valued at $19,840,000 after buying an additional 6,302 shares in the last quarter. Versor Investments LP raised its holdings in Skyworks Solutions by 115.3% during the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock valued at $1,966,000 after buying an additional 10,658 shares in the last quarter. WCM Investment Management LLC raised its holdings in Skyworks Solutions by 287.3% during the third quarter. WCM Investment Management LLC now owns 11,491 shares of the semiconductor manufacturer’s stock valued at $1,136,000 after buying an additional 8,524 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in Skyworks Solutions by 20.3% during the third quarter. Apollon Wealth Management LLC now owns 3,003 shares of the semiconductor manufacturer’s stock valued at $297,000 after buying an additional 506 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Skyworks Solutions in the third quarter worth about $380,000. 85.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SWKS has been the topic of a number of recent analyst reports. Citigroup lifted 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. Rosenblatt Securities reiterated a “neutral” rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Susquehanna dropped their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. JPMorgan Chase & Co. dropped their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Finally, B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Down 0.8 %

NASDAQ SWKS opened at $72.05 on Tuesday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $79.56 and its two-hundred day moving average is $88.92. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86.

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%. Equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s payout ratio is currently 85.89%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by company insiders.

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.