Boussard & Gavaudan Investment Management LLP Takes Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Boussard & Gavaudan Investment Management LLP bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, Holdings Channel.com reports. The firm bought 60,996 shares of the semiconductor manufacturer’s stock, valued at approximately $5,393,000.

A number of other institutional investors have also made changes to their positions in SWKS. Erste Asset Management GmbH acquired a new position in shares of Skyworks Solutions during the third quarter worth about $27,000. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions in the fourth quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth about $29,000. Picton Mahoney Asset Management purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at about $33,000. Finally, Quest Partners LLC acquired a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $41,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The stock was bought 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 in the company, valued at $661,300. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by insiders.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $66.30 on Friday. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The business has a 50-day moving average of $73.79 and a two-hundred day moving average of $85.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a market capitalization of $10.66 billion, a PE ratio of 20.34, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last announced its 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 net margin of 13.02% and a return on equity of 12.60%. As a group, research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Analyst Ratings Changes

SWKS has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. B. Riley cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Barclays reduced their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Piper Sandler dropped their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Finally, Bank of America cut their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.