National Bank of Canada FI Has $16.82 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

National Bank of Canada FI lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.8% during the 4th quarter, HoldingsChannel reports. The fund owned 154,165 shares of the semiconductor manufacturer’s stock after buying an additional 11,095 shares during the period. National Bank of Canada FI’s holdings in Skyworks Solutions were worth $16,818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. lifted its position in Skyworks Solutions by 40.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock worth $180,083,000 after purchasing an additional 465,223 shares during the period. AQR Capital Management LLC boosted its position in shares of Skyworks Solutions by 42.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock valued at $112,951,000 after acquiring an additional 338,838 shares in the last quarter. LSV Asset Management increased its stake in Skyworks Solutions by 24.2% in the third 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 during the period. Invesco Ltd. raised its position in Skyworks Solutions by 11.8% in the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after purchasing an additional 321,243 shares in the last quarter. Finally, AustralianSuper Pty Ltd acquired a new stake in Skyworks Solutions during the fourth quarter valued at approximately $29,522,000. Institutional investors own 85.43% of the company’s stock.

Insider Activity

In other news, CEO Liam Griffin purchased 11,142 shares of Skyworks Solutions stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the transaction, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Stock Up 0.8 %

NASDAQ:SWKS opened at $92.56 on Wednesday. The stock’s fifty day simple moving average is $102.94 and its 200-day simple moving average is $101.89. The firm has a market capitalization of $14.85 billion, a P/E ratio of 17.40, a P/E/G ratio of 3.97 and a beta of 1.35. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.68 per share. The ex-dividend date is Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.94%. Skyworks Solutions’s payout ratio is currently 51.13%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group decreased their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lowered their target price on shares of Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Susquehanna reissued a “neutral” rating and set a $90.00 price target (down from $125.00) on shares of Skyworks Solutions in a report on Wednesday, May 1st. B. Riley raised their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Finally, Citigroup cut their target price on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $108.86.

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.