Arrowstreet Capital Limited Partnership Acquires Shares of 12,101 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,101 shares of the semiconductor manufacturer's stock, valued at approximately $1,073,000.

Several other large investors have also bought and sold shares of the business. Stifel Financial Corp grew its holdings in shares of Skyworks Solutions by 6.7% during the 3rd quarter. Stifel Financial Corp now owns 82,531 shares of the semiconductor manufacturer's stock valued at $8,153,000 after purchasing an additional 5,190 shares during the last quarter. MML Investors Services LLC boosted its position in Skyworks Solutions by 0.9% in the third quarter. MML Investors Services LLC now owns 21,156 shares of the semiconductor manufacturer's stock valued at $2,090,000 after buying an additional 196 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Skyworks Solutions by 5.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 72,403 shares of the semiconductor manufacturer's stock worth $7,151,000 after buying an additional 4,019 shares during the last quarter. Barclays PLC increased its holdings in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after buying an additional 949,407 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of 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 valued at $408,410,000 after acquiring an additional 28,009 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company's stock, valued at $661,300. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Down 0.6 %

NASDAQ SWKS traded down $0.32 during mid-day trading on Tuesday, hitting $57.40. The company's stock had a trading volume of 2,373,755 shares, compared to its average volume of 2,805,665. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.79 and a beta of 1.21. The company's 50 day simple moving average is $64.69 and its 200 day simple moving average is $81.67. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 yield of 4.88%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's dividend payout ratio is currently 85.89%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Bank of America dropped their target price on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research report on Thursday, February 6th. Piper Sandler cut their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Mizuho downgraded shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Stifel Nicolaus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $83.78.

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.