Mn Services Vermogensbeheer B.V. Has $8.21 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mn Services Vermogensbeheer B.V. lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,006 shares of the semiconductor manufacturer’s stock after selling 2,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Skyworks Solutions were worth $8,207,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in Skyworks Solutions in the 4th quarter worth approximately $26,000. Fortis Capital Advisors LLC bought a new position in Skyworks Solutions in the fourth quarter valued at about $27,000. Tyler Stone Wealth Management bought a new position in Skyworks Solutions in the second quarter valued at about $29,000. Global Wealth Management Investment Advisory Inc. increased its position in Skyworks Solutions by 98.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 155 shares during the period. Finally, Milestone Investment Advisors LLC acquired a new position in Skyworks Solutions during the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $100.24 on Tuesday. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The company’s 50 day moving average price is $104.95 and its two-hundred day moving average price is $101.72. The firm has a market cap of $16.06 billion, a PE ratio of 17.77, a PEG ratio of 1.88 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 (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $2.33 earnings per share. Skyworks Solutions’s revenue was down 9.6% on a year-over-year basis. Equities research analysts predict that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 2.71%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 48.23%.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several analyst reports. B. Riley lifted their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. Susquehanna raised their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Finally, KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and a consensus target price of $115.10.

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.