AIA Group Ltd Makes New $1.16 Million Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

AIA Group Ltd acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,286 shares of the semiconductor manufacturer's stock, valued at approximately $1,156,000.

Other large investors also recently modified their holdings of the company. Safeguard Investment Advisory Group LLC raised its holdings in shares of Skyworks Solutions by 0.6% in the 4th quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer's stock valued at $1,764,000 after purchasing an additional 99 shares during the period. Pinnacle West Asset Management Inc. raised its holdings in shares of Skyworks Solutions by 4.2% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 2,460 shares of the semiconductor manufacturer's stock valued at $272,000 after purchasing an additional 100 shares during the period. Apollon Wealth Management LLC raised its holdings in shares of Skyworks Solutions by 4.0% in the 4th quarter. Apollon Wealth Management LLC now owns 2,774 shares of the semiconductor manufacturer's stock valued at $253,000 after purchasing an additional 106 shares during the period. Kinneret Advisory LLC raised its holdings in shares of Skyworks Solutions by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 4,818 shares of the semiconductor manufacturer's stock valued at $642,000 after purchasing an additional 108 shares during the period. Finally, Syntax Advisors LLC raised its holdings in shares of Skyworks Solutions by 5.4% in the 3rd quarter. Syntax Advisors LLC now owns 2,201 shares of the semiconductor manufacturer's stock valued at $217,000 after purchasing an additional 113 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS traded down $1.51 during trading hours on Friday, hitting $96.11. 2,649,759 shares of the stock were exchanged, compared to its average volume of 1,825,034. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The company has a market cap of $15.40 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.37. The company's fifty day simple moving average is $104.45 and its two-hundred day simple moving average is $101.69. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm's revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the business posted $2.33 EPS. On average, sell-side analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.83%. Skyworks Solutions's dividend payout ratio is currently 48.23%.

Analysts Set New Price Targets

Several research firms have weighed in on SWKS. TD Cowen increased their price target on shares of Skyworks Solutions from $115.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, January 31st. Susquehanna increased their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a "positive" rating in a report on Wednesday, January 31st. StockNews.com cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Friday, March 29th. KeyCorp cut shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a report on Monday, April 8th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $90.00 target price on shares of Skyworks Solutions in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $115.10.

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.