AIA Group Ltd Invests $1.16 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

AIA Group Ltd purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 10,286 shares of the semiconductor manufacturer’s stock, valued at approximately $1,156,000.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC bought a new position in shares of Skyworks Solutions during the fourth quarter worth about $26,000. Fortis Capital Advisors LLC bought a new position in shares of Skyworks Solutions during the fourth quarter worth about $27,000. Tyler Stone Wealth Management bought a new position in shares of Skyworks Solutions during the second quarter worth about $29,000. Global Wealth Management Investment Advisory Inc. grew its stake in Skyworks Solutions by 98.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 155 shares in the last quarter. Finally, Milestone Investment Advisors LLC bought a new position in Skyworks Solutions in the third quarter valued at approximately $34,000. 85.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SWKS has been the subject of a number of analyst reports. TD Cowen raised their price target on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Piper Sandler restated a “neutral” rating and issued a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Susquehanna raised their price target on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Finally, B. Riley lifted their target price on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $115.10.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $96.11 on Friday. The stock has a market cap of $15.40 billion, a P/E ratio of 17.04, a PEG ratio of 1.81 and a beta of 1.37. The stock has a 50 day simple moving average of $104.45 and a 200 day simple moving average of $101.65. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the firm posted $2.33 EPS. Research analysts anticipate that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 2.83%. Skyworks Solutions’s dividend payout ratio is presently 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.