Handelsbanken Fonder AB Has $11.51 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Handelsbanken Fonder AB increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 60.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 129,780 shares of the semiconductor manufacturer’s stock after purchasing an additional 48,644 shares during the quarter. Handelsbanken Fonder AB’s holdings in Skyworks Solutions were worth $11,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC lifted its holdings in Skyworks Solutions by 9.3% in the third quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock valued at $131,000 after buying an additional 112 shares during the period. Empirical Finance LLC raised its position in shares of Skyworks Solutions by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock valued at $551,000 after acquiring an additional 121 shares during the last quarter. Arvest Investments Inc. lifted its stake in shares of Skyworks Solutions by 1.1% in the 3rd quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock valued at $1,257,000 after purchasing an additional 133 shares during the period. Resources Management Corp CT ADV boosted its position in shares of Skyworks Solutions by 3.4% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after purchasing an additional 142 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in shares of Skyworks Solutions by 5.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after purchasing an additional 143 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SWKS shares. Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Morgan Stanley reduced their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Susquehanna reduced their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Finally, Loop Capital started coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 price target for the company. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $67.21 on Friday. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The company’s fifty day simple moving average is $84.49 and its 200-day simple moving average is $91.92. The firm has a market cap of $10.80 billion, a PE ratio of 20.62, a P/E/G ratio of 1.79 and a beta of 1.14. 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 results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.17%. Skyworks Solutions’s dividend payout ratio is 85.89%.

Skyworks Solutions Company 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.