Caisse DE Depot ET Placement DU Quebec Has $12 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Caisse DE Depot ET Placement DU Quebec cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 24.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,346 shares of the semiconductor manufacturer's stock after selling 43,109 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.08% of Skyworks Solutions worth $12,002,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Parvin Asset Management LLC acquired a new stake in Skyworks Solutions in the fourth quarter worth $103,000. Rehmann Capital Advisory Group raised its stake in Skyworks Solutions by 4.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 13,446 shares of the semiconductor manufacturer's stock worth $1,192,000 after buying an additional 552 shares during the period. PDT Partners LLC lifted its holdings in Skyworks Solutions by 176.1% during the fourth quarter. PDT Partners LLC now owns 53,839 shares of the semiconductor manufacturer's stock worth $4,774,000 after acquiring an additional 34,337 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of Skyworks Solutions by 34.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 30,859 shares of the semiconductor manufacturer's stock worth $2,737,000 after acquiring an additional 7,932 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Skyworks Solutions by 15.2% during the fourth quarter. Northern Trust Corp now owns 2,307,248 shares of the semiconductor manufacturer's stock worth $204,607,000 after purchasing an additional 303,783 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company's stock, valued at approximately $661,300. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company's stock.

Skyworks Solutions Stock Up 1.3 %

Skyworks Solutions stock opened at $66.06 on Friday. 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 company's 50-day moving average is $62.96 and its 200-day moving average is $78.16. The firm has a market capitalization of $10.36 billion, a PE ratio of 20.26, a P/E/G ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 dividend on an annualized basis and a yield of 4.24%. Skyworks Solutions's dividend payout ratio (DPR) is 85.89%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Argus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Piper Sandler lowered their target price on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Finally, Mizuho lowered Skyworks Solutions from an "outperform" rating to a "neutral" rating and cut their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Skyworks Solutions presently has an average rating of "Hold" and a consensus price target of $79.29.

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.

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