Siemens Fonds Invest GmbH Purchases 18,311 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Siemens Fonds Invest GmbH lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 479.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,130 shares of the semiconductor manufacturer's stock after buying an additional 18,311 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Skyworks Solutions were worth $1,962,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SWKS. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions in the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new stake in Skyworks Solutions in the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $33,000. Manchester Capital Management LLC increased its holdings in shares of Skyworks Solutions by 325.2% during the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock valued at $49,000 after acquiring an additional 426 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $56,000. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS traded down $0.57 on Thursday, hitting $70.79. The company's stock had a trading volume of 1,356,267 shares, compared to its average volume of 2,914,791. The company has a market capitalization of $10.63 billion, a PE ratio of 21.71, a PEG ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The company has a 50-day simple moving average of $63.65 and a 200 day simple moving average of $76.11. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The firm's revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 EPS. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's payout ratio is currently 109.80%.

Insiders Place Their Bets

In related news, CEO Philip G. Brace acquired 10,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SWKS shares. Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Mizuho downgraded shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. UBS Group decreased their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. B. Riley lowered shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Finally, Barclays lifted their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.