ING Groep NV Purchases 113,445 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

ING Groep NV lifted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 152.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 187,821 shares of the semiconductor manufacturer's stock after purchasing an additional 113,445 shares during the period. ING Groep NV owned about 0.12% of Skyworks Solutions worth $21,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SWKS. Global Wealth Management Investment Advisory Inc. lifted its stake in Skyworks Solutions by 98.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 155 shares during the period. Milestone Investment Advisors LLC purchased a new stake in Skyworks Solutions in the third quarter worth $34,000. AdvisorNet Financial Inc lifted its stake in Skyworks Solutions by 790.0% in the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer's stock worth $40,000 after acquiring an additional 316 shares during the period. Vestor Capital LLC purchased a new stake in Skyworks Solutions in the fourth quarter worth $43,000. Finally, West Branch Capital LLC lifted its stake in Skyworks Solutions by 8,000.0% in the fourth quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer's stock worth $46,000 after acquiring an additional 400 shares during the period. Institutional investors own 85.43% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup dropped their price target on Skyworks Solutions from $85.00 to $83.00 and set a "sell" rating for the company in a research note on Thursday, May 2nd. Rosenblatt Securities lowered their price objective on Skyworks Solutions from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, May 1st. UBS Group lowered their price objective on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, May 1st. Wolfe Research lowered Skyworks Solutions from an "outperform" rating to a "peer perform" rating in a research report on Thursday, May 9th. Finally, Susquehanna reissued a "neutral" rating and set a $90.00 price objective (down previously from $125.00) on shares of Skyworks Solutions in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions presently has an average rating of "Hold" and an average price target of $106.25.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Liam Griffin acquired 11,142 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the acquisition, the chief executive officer now owns 104,153 shares of the company's stock, valued at $9,373,770. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Stock Performance

NASDAQ SWKS traded down $0.47 during trading hours on Friday, hitting $93.62. The company's stock had a trading volume of 1,572,498 shares, compared to its average volume of 2,661,029. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69. The company's 50 day simple moving average is $101.16 and its two-hundred day simple moving average is $102.07. The company has a market cap of $15.02 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 4.41 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be issued a $0.68 dividend. The ex-dividend date is Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.91%. 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.

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