First Trust Advisors LP Reduces Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

First Trust Advisors LP trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 22.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 803,675 shares of the semiconductor manufacturer's stock after selling 230,965 shares during the quarter. First Trust Advisors LP owned about 0.50% of Skyworks Solutions worth $71,270,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Skyworks Solutions in the 4th quarter valued at $228,646,000. Pzena Investment Management LLC lifted its holdings in shares of Skyworks Solutions by 37.5% in 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 purchasing an additional 1,536,289 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Skyworks Solutions by 4,364.4% in the 4th quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock valued at $126,072,000 after purchasing an additional 1,389,803 shares during the period. Barclays PLC increased its position in 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 during the period. Finally, KBC Group NV lifted its stake in Skyworks Solutions by 114.0% in the fourth quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer's stock valued at $110,697,000 after buying an additional 664,874 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Mizuho cut shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $105.00 to $62.00 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 note on Thursday, February 6th. Barclays reduced their price objective on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating for the company in a research note on Friday, January 17th. Finally, B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and lowered their target price for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $83.78.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now 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 legal filing with the SEC, which is available through this link. Insiders own 0.28% of the company's stock.

Skyworks Solutions Stock Up 1.4 %

SWKS stock opened at $56.78 on Tuesday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The company's 50-day moving average price is $63.78 and its 200 day moving average price is $80.25. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. The company has a market cap of $8.90 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.79 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS 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%. On average, research 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. Shareholders of record on Monday, February 24th were issued 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 4.93%. Skyworks Solutions's dividend payout ratio (DPR) is currently 85.89%.

Skyworks Solutions 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.

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