American Century Companies Inc. Purchases 33,037 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

American Century Companies Inc. grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,361 shares of the semiconductor manufacturer's stock after purchasing an additional 33,037 shares during the period. American Century Companies Inc. owned about 0.13% of Skyworks Solutions worth $19,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SWKS. Pzena Investment Management LLC grew its stake in shares of Skyworks Solutions by 37.5% in the fourth 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. Charles Schwab Investment Management Inc. boosted its holdings in Skyworks Solutions by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer's stock worth $452,135,000 after purchasing an additional 267,343 shares during the last quarter. Geode Capital Management LLC grew its position in Skyworks Solutions by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer's stock worth $408,410,000 after purchasing an additional 28,009 shares during the period. FMR LLC raised its stake in Skyworks Solutions by 7.3% during the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer's stock valued at $265,853,000 after buying an additional 182,130 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Skyworks Solutions by 52.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer's stock valued at $223,994,000 after buying an additional 775,470 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

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Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report 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 report on Friday, January 17th. B. Riley downgraded shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. The Goldman Sachs Group cut their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup raised their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $83.78.

Skyworks Solutions Price Performance

NASDAQ SWKS traded down $4.35 during trading on Thursday, hitting $60.45. 938,837 shares of the stock traded hands, compared to its average volume of 2,649,050. The company has a market capitalization of $9.72 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 12-month low of $60.17 and a 12-month high of $120.86. The firm has a 50-day simple moving average of $71.49 and a 200-day simple moving average of $84.68. 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 (NASDAQ:SWKS - Get Free Report) last announced its quarterly 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 return on equity of 12.60% and a net margin of 13.02%. As a group, analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.63%. Skyworks Solutions's payout ratio is currently 85.89%.

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.