17,937 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, Holdings Channel reports. The firm bought 17,937 shares of the semiconductor manufacturer’s stock, valued at approximately $2,016,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Skyworks Solutions by 0.3% during the third quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock worth $1,827,170,000 after acquiring an additional 53,389 shares during the period. Victory Capital Management Inc. grew its position in Skyworks Solutions by 3.4% during the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after buying an additional 136,188 shares in the last quarter. Invesco Ltd. grew its position in Skyworks Solutions by 11.8% during the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after buying an additional 321,243 shares in the last quarter. Northern Trust Corp increased its stake in Skyworks Solutions by 8.3% during the third quarter. Northern Trust Corp now owns 2,091,132 shares of the semiconductor manufacturer’s stock valued at $206,165,000 after acquiring an additional 160,178 shares during the period. Finally, LSV Asset Management raised its holdings in Skyworks Solutions by 24.2% in the 3rd quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after acquiring an additional 338,820 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SWKS. B. Riley lifted their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Piper Sandler reissued a “neutral” rating and issued a $90.00 price target on shares of Skyworks Solutions in a report on Thursday, January 4th. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Susquehanna upped their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Finally, KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $115.10.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS traded up $3.56 on Monday, hitting $107.86. The stock had a trading volume of 2,601,300 shares, compared to its average volume of 2,293,705. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The firm’s 50 day moving average price is $104.15 and its 200-day moving average price is $101.91. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 EPS. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were given a dividend of $0.68 per share. The ex-dividend date was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 2.52%. Skyworks Solutions’s dividend payout ratio (DPR) is 48.23%.

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.