Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 25.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 733,928 shares of the semiconductor manufacturer’s stock after purchasing an additional 148,494 shares during the period. Schroder Investment Management Group owned 0.46% of Skyworks Solutions worth $64,894,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of SWKS. Norges Bank acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth $228,646,000. Pzena Investment Management LLC lifted its position in Skyworks Solutions by 37.5% during the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock worth $499,273,000 after acquiring an additional 1,536,289 shares during the period. Barclays PLC grew its stake in Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Skyworks Solutions by 52.0% in the third quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after purchasing an additional 775,470 shares during the period. Finally, KBC Group NV raised its stake in shares of Skyworks Solutions by 114.0% in the fourth quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer’s stock worth $110,697,000 after purchasing an additional 664,874 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 0.8 %

SWKS opened at $64.63 on Tuesday. 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, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The company has a market cap of $10.39 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a 50-day moving average price of $72.62 and a 200 day moving average price of $85.09.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Morgan Stanley decreased their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Citigroup upped their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group decreased their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $83.78.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

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.