Skyworks Solutions, Inc. (NASDAQ:SWKS) Holdings Trimmed by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 97.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,321 shares of the semiconductor manufacturer’s stock after selling 447,680 shares during the quarter. Nordea Investment Management AB’s holdings in Skyworks Solutions were worth $1,448,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Skyworks Solutions by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer’s stock worth $2,097,372,000 after purchasing an additional 123,564 shares in the last quarter. FIL Ltd increased its stake in Skyworks Solutions by 2.4% in the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after purchasing an additional 64,389 shares in the last quarter. Pzena Investment Management LLC purchased a new position in Skyworks Solutions in the 4th quarter worth about $302,309,000. Norges Bank purchased a new position in Skyworks Solutions in the 4th quarter worth about $226,266,000. Finally, Dimensional Fund Advisors LP increased its stake in Skyworks Solutions by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock worth $203,093,000 after purchasing an additional 185,355 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $109.95 on Friday. The stock’s fifty day moving average is $98.58 and its 200-day moving average is $102.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. The stock has a market capitalization of $17.64 billion, a PE ratio of 20.67, a PEG ratio of 5.27 and a beta of 1.23. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Equities research analysts expect that Skyworks Solutions, Inc. will post 5.14 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SWKS shares. Mizuho dropped their price target on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Citigroup dropped their price target on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research note on Thursday, May 2nd. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $96.00 to $130.00 in a research note on Thursday, June 20th. Wells Fargo & Company lowered their target price on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Finally, UBS Group lowered their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $107.19.

Insider Activity

In related news, CEO Liam Griffin bought 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the purchase, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Liam Griffin bought 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the purchase, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the transaction, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

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.