LGT Group Foundation Has $28.37 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

LGT Group Foundation decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 249,051 shares of the semiconductor manufacturer's stock after selling 25,668 shares during the period. LGT Group Foundation owned 0.16% of Skyworks Solutions worth $28,372,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Skyworks Solutions by 40.3% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 22,300 shares of the semiconductor manufacturer's stock worth $2,199,000 after purchasing an additional 6,400 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Skyworks Solutions by 2.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,911 shares of the semiconductor manufacturer's stock valued at $1,667,000 after purchasing an additional 362 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Skyworks Solutions by 639.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 161,155 shares of the semiconductor manufacturer's stock worth $15,888,000 after purchasing an additional 139,372 shares during the period. Xponance Inc. boosted its holdings in Skyworks Solutions by 4.1% in the third quarter. Xponance Inc. now owns 21,230 shares of the semiconductor manufacturer's stock valued at $2,093,000 after purchasing an additional 845 shares during the period. Finally, Stratos Wealth Partners LTD. grew its holdings in Skyworks Solutions by 22.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,818 shares of the semiconductor manufacturer's stock worth $376,000 after acquiring an additional 695 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SWKS shares. Rosenblatt Securities decreased their price objective on Skyworks Solutions from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Wednesday. Stifel Nicolaus decreased their price target on Skyworks Solutions from $122.00 to $112.00 and set a "buy" rating on the stock in a research note on Wednesday. UBS Group reduced their target price on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, TD Cowen cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating and lowered their price target for the stock from $125.00 to $90.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Skyworks Solutions has an average rating of "Hold" and a consensus target price of $108.86.

Skyworks Solutions Trading Down 0.6 %

NASDAQ:SWKS traded down $0.58 during mid-day trading on Thursday, reaching $89.72. The company's stock had a trading volume of 4,006,731 shares, compared to its average volume of 2,409,182. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The company's fifty day simple moving average is $103.94 and its two-hundred day simple moving average is $101.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. The stock has a market cap of $14.38 billion, a P/E ratio of 16.86, a P/E/G ratio of 1.98 and a beta of 1.35.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.20%. Skyworks Solutions's revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.33 earnings per share. On average, equities analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.03%. Skyworks Solutions's payout ratio is 51.13%.

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.