Commonwealth Equity Services LLC Has $10.75 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Commonwealth Equity Services LLC reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,254 shares of the semiconductor manufacturer's stock after selling 19,587 shares during the period. Commonwealth Equity Services LLC owned 0.08% of Skyworks Solutions worth $10,753,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SWKS. Pzena Investment Management LLC increased its stake 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 valued at $499,273,000 after buying an additional 1,536,289 shares during the period. Barclays PLC boosted its holdings in shares of Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after acquiring an additional 949,407 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Skyworks Solutions by 52.0% during 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 acquiring an additional 775,470 shares during the period. KBC Group NV increased its stake in shares of Skyworks Solutions by 114.0% during the fourth quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer's stock valued at $110,697,000 after acquiring an additional 664,874 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Skyworks Solutions by 40.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,715,181 shares of the semiconductor manufacturer's stock worth $152,102,000 after purchasing an additional 495,774 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

SWKS has been the subject of several research reports. Bank of America decreased their target price on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research note on Thursday, February 6th. B. Riley cut shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Benchmark reiterated 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. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $83.78.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 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, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is owned by company insiders.

Skyworks Solutions Trading Down 1.7 %

NASDAQ:SWKS traded down $1.14 during trading hours on Friday, hitting $67.25. 13,009,177 shares of the company were exchanged, compared to its average volume of 2,566,603. The company has a fifty day simple moving average of $75.68 and a 200 day simple moving average of $86.73. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. 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 (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's dividend payout ratio is presently 85.89%.

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.