Deutsche Bank AG Has $67.23 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Deutsche Bank AG raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 51.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 758,154 shares of the semiconductor manufacturer's stock after purchasing an additional 257,967 shares during the quarter. Deutsche Bank AG owned approximately 0.47% of Skyworks Solutions worth $67,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR increased its stake in shares of Skyworks Solutions by 9.5% during the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock worth $380,000 after purchasing an additional 372 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Skyworks Solutions by 126.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock valued at $9,047,000 after acquiring an additional 57,146 shares during the period. Barclays PLC increased its holdings in Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after acquiring an additional 949,407 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at $29,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Skyworks Solutions in the fourth quarter worth $2,509,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Philip G. Brace acquired 10,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were purchased 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 owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SWKS. JPMorgan Chase & Co. decreased their price objective on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Morgan Stanley decreased their target price on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group dropped their price target on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Piper Sandler dropped their price target on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Skyworks Solutions has a consensus rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Trading Up 1.4%

Shares of SWKS stock traded up $1.04 during mid-day trading on Friday, reaching $73.32. The company's stock had a trading volume of 2,336,383 shares, compared to its average volume of 2,905,157. The company's 50 day simple moving average is $63.29 and its 200-day simple moving average is $76.62. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. 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 $11.01 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The business had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same period last year, the firm earned $1.55 earnings per share. The company's revenue for the quarter was down 8.9% compared to the same quarter last year. On average, research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is presently 109.80%.

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.