Skyworks Solutions, Inc. (NASDAQ:SWKS) Position Increased by Arizona State Retirement System

Arizona State Retirement System raised its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,378 shares of the semiconductor manufacturer’s stock after buying an additional 410 shares during the period. Arizona State Retirement System’s holdings in Skyworks Solutions were worth $4,113,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new stake in Skyworks Solutions during the fourth quarter worth approximately $2,509,000. Seizert Capital Partners LLC boosted its holdings in Skyworks Solutions by 8.8% during the fourth quarter. Seizert Capital Partners LLC now owns 377,048 shares of the semiconductor manufacturer’s stock worth $33,437,000 after buying an additional 30,580 shares in the last quarter. M&T Bank Corp boosted its holdings in Skyworks Solutions by 9.5% during the fourth quarter. M&T Bank Corp now owns 12,443 shares of the semiconductor manufacturer’s stock worth $1,104,000 after buying an additional 1,075 shares in the last quarter. Assetmark Inc. boosted its holdings in Skyworks Solutions by 0.9% during the fourth quarter. Assetmark Inc. now owns 206,721 shares of the semiconductor manufacturer’s stock worth $18,332,000 after buying an additional 1,848 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Skyworks Solutions by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 304,486 shares of the semiconductor manufacturer’s stock worth $27,002,000 after buying an additional 2,701 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by insiders.

Skyworks Solutions Stock Up 8.5 %

Skyworks Solutions stock opened at $72.61 on Friday. The company has a market capitalization of $11.67 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.79 and a beta of 1.18. The firm’s fifty day simple moving average is $79.89 and its 200-day simple moving average is $89.29. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.86%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SWKS shares. Loop Capital assumed coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 target price for the company. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Bank of America reduced their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research report on Thursday, February 6th. Finally, Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $83.78.

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.