Handelsbanken Fonder AB Has $8.15 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Handelsbanken Fonder AB trimmed its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,111 shares of the semiconductor manufacturer's stock after selling 3,669 shares during the period. Handelsbanken Fonder AB owned about 0.08% of Skyworks Solutions worth $8,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Savant Capital LLC increased its holdings in shares of Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock valued at $271,000 after purchasing an additional 144 shares in the last quarter. Legacy Financial Advisors Inc. increased its stake in shares of Skyworks Solutions by 2.5% in the 4th quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock valued at $566,000 after buying an additional 156 shares during the period. Motley Fool Asset Management LLC increased its stake in shares of Skyworks Solutions by 7.5% in the 4th quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock valued at $209,000 after buying an additional 165 shares during the period. Principal Securities Inc. increased its position in Skyworks Solutions by 7.5% in the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock worth $213,000 after purchasing an additional 167 shares during the period. Finally, PAX Financial Group LLC increased its position in Skyworks Solutions by 0.8% in the fourth quarter. PAX Financial Group LLC now owns 21,979 shares of the semiconductor manufacturer's stock worth $1,949,000 after purchasing an additional 168 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Up 1.0%

NASDAQ SWKS traded up $0.73 during trading hours on Monday, reaching $71.98. 2,601,326 shares of the company's stock were exchanged, compared to its average volume of 3,021,050. The company's 50-day moving average is $66.46 and its two-hundred day moving average is $74.01. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16.

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

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is presently 109.80%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays lifted their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. UBS Group lowered their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Stifel Nicolaus upped their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $78.29.

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.