Headlands Technologies LLC Buys New Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Headlands Technologies LLC purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,727 shares of the semiconductor manufacturer’s stock, valued at approximately $331,000.

A number of other hedge funds also recently bought and sold shares of SWKS. Norges Bank purchased a new position in shares of Skyworks Solutions in the 4th quarter worth $228,646,000. Pzena Investment Management LLC increased its stake in Skyworks Solutions by 37.5% during the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock worth $499,273,000 after acquiring an additional 1,536,289 shares during the last quarter. Barclays PLC increased its stake in Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after acquiring an additional 949,407 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Skyworks Solutions by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after purchasing an additional 775,470 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Skyworks Solutions by 114.0% in the 4th quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer’s stock worth $110,697,000 after purchasing an additional 664,874 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on SWKS shares. Piper Sandler decreased their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Barclays lowered their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Citigroup raised their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Finally, Bank of America cut their target price on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Down 7.0 %

Skyworks Solutions stock opened at $52.78 on Friday. Skyworks Solutions, Inc. has a twelve month low of $52.04 and a twelve month high of $120.86. The business has a fifty day moving average of $70.01 and a two-hundred day moving average of $84.18. The firm has a market cap of $8.48 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data 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%. On average, analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 5.31%. Skyworks Solutions’s payout ratio is 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.