KLP Kapitalforvaltning AS Invests $8.71 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

KLP Kapitalforvaltning AS bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 4th quarter, Holdings Channel.com reports. The firm bought 98,227 shares of the semiconductor manufacturer’s stock, valued at approximately $8,711,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Resources Management Corp CT ADV boosted its stake in shares of Skyworks Solutions by 3.4% during the third quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock valued at $427,000 after purchasing an additional 142 shares during the period. Resonant Capital Advisors LLC boosted its position in Skyworks Solutions by 5.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock valued at $267,000 after buying an additional 143 shares during the period. Savant Capital LLC grew its holdings in Skyworks Solutions by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock worth $271,000 after acquiring an additional 144 shares during the last quarter. Private Trust Co. NA increased its position in shares of Skyworks Solutions by 18.4% in the third quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer’s stock valued at $93,000 after acquiring an additional 146 shares during the period. Finally, Principal Securities Inc. raised its stake in shares of Skyworks Solutions by 7.5% during the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer’s stock valued at $213,000 after acquiring an additional 167 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions 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 price of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SWKS shares. Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and cut their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Bank of America dropped their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research note on Thursday, February 6th. Citigroup boosted their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Morgan Stanley cut their target price on shares of 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $69.02 on Tuesday. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 21.17, 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. 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 $75.26 and its 200-day moving average price is $86.28.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results 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%. On average, equities analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.06%. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

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.