224,287 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 224,287 shares of the semiconductor manufacturer's stock, valued at approximately $19,890,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Skyworks Solutions at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SWKS. Resonant Capital Advisors LLC increased its position in Skyworks Solutions by 5.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer's stock worth $267,000 after buying an additional 143 shares during the period. Savant Capital LLC increased its position in Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock worth $271,000 after buying an additional 144 shares during the period. Legacy Financial Advisors Inc. increased its position in Skyworks Solutions by 2.5% in the fourth quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock worth $566,000 after buying an additional 156 shares during the period. Motley Fool Asset Management LLC increased its position in Skyworks Solutions by 7.5% in the fourth quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock worth $209,000 after buying an additional 165 shares during the period. Finally, 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 buying an additional 167 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SWKS has been the topic of several analyst reports. B. Riley lowered Skyworks Solutions from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Argus lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Piper Sandler decreased their price target on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Finally, Barclays increased their price target on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research note 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's stock. According to MarketBeat.com, Skyworks Solutions currently has an average rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Price Performance

NASDAQ:SWKS traded down $0.92 during mid-day trading on Friday, reaching $68.58. 15,911,526 shares of the stock were exchanged, compared to its average volume of 3,001,583. The business has a fifty day moving average price of $63.73 and a 200 day moving average price of $75.19. The firm has a market capitalization of $10.30 billion, a PE ratio of 21.04, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

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

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors 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 4.08%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's payout ratio is currently 109.80%.

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.