Skyworks Solutions, Inc. (NASDAQ:SWKS) Position Boosted by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,392 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,567 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Skyworks Solutions were worth $6,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions in the 3rd quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new position in shares of Skyworks Solutions in the fourth quarter worth $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Skyworks Solutions during the fourth quarter worth $29,000. Picton Mahoney Asset Management acquired a new stake in Skyworks Solutions during the fourth quarter valued at $33,000. Finally, Quest Partners LLC acquired a new stake in Skyworks Solutions during the third quarter valued at $41,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Skyworks Solutions

In other news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SWKS shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Bank of America reduced their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research note on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $67.25 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The company has a fifty day moving average price of $75.68 and a 200 day moving average price of $86.51. The stock has a market cap of $10.81 billion, a P/E ratio of 20.63, a PEG ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s payout ratio is presently 85.89%.

About Skyworks Solutions

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.