Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Nan Shan Life Insurance Co. Ltd.

Nan Shan Life Insurance Co. Ltd. cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,369 shares of the semiconductor manufacturer’s stock after selling 426 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in Skyworks Solutions were worth $2,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in shares of Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after buying an additional 949,407 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Skyworks Solutions by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 200,873 shares of the semiconductor manufacturer’s stock worth $19,840,000 after purchasing an additional 6,302 shares during the period. Czech National Bank increased its holdings in shares of Skyworks Solutions by 6.4% during the 4th quarter. Czech National Bank now owns 34,630 shares of the semiconductor manufacturer’s stock valued at $3,071,000 after purchasing an additional 2,095 shares in the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of Skyworks Solutions by 42.5% in the 4th quarter. 180 Wealth Advisors LLC now owns 7,146 shares of the semiconductor manufacturer’s stock valued at $634,000 after purchasing an additional 2,130 shares during the period. Finally, BTS Asset Management Inc. acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $229,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $72.60 on Wednesday. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $120.86. The firm has a market capitalization of $10.90 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The business’s fifty day moving average price is $63.29 and its 200 day moving average price is $76.81.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The firm had revenue of $953.20 million during the quarter, compared to analysts’ expectations of $951.50 million. During the same period in the previous year, the company earned $1.55 earnings per share. Skyworks Solutions’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.86%. Skyworks Solutions’s payout ratio is currently 109.80%.

Insider Transactions at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Rosenblatt Securities restated a “neutral” rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. 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. Bank of America reduced their price objective on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Barclays increased their price target on Skyworks Solutions from $45.00 to $52.00 and gave the stock an “underweight” rating in a report on Thursday, May 8th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $78.29.

Skyworks Solutions Company 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.