Franklin Resources Inc. Has $17.65 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Franklin Resources Inc. increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 28.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,978 shares of the semiconductor manufacturer's stock after acquiring an additional 44,660 shares during the quarter. Franklin Resources Inc. owned about 0.12% of Skyworks Solutions worth $17,645,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Summit Financial LLC acquired a new position in Skyworks Solutions in the fourth quarter valued at about $299,000. Wellington Management Group LLP lifted its holdings in shares of Skyworks Solutions by 21.9% during the 4th quarter. Wellington Management Group LLP now owns 2,765,410 shares of the semiconductor manufacturer's stock valued at $245,237,000 after purchasing an additional 497,575 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Skyworks Solutions by 37.8% in the 4th quarter. Clearbridge Investments LLC now owns 890,659 shares of the semiconductor manufacturer's stock valued at $78,984,000 after purchasing an additional 244,368 shares during the period. Schroder Investment Management Group increased its stake in Skyworks Solutions by 25.4% during the 4th quarter. Schroder Investment Management Group now owns 733,928 shares of the semiconductor manufacturer's stock worth $64,894,000 after purchasing an additional 148,494 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Skyworks Solutions during the 4th quarter worth approximately $1,073,000. Institutional investors and hedge funds own 85.43% of the company's stock.

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Skyworks Solutions Stock Performance

SWKS stock traded up $2.70 during midday trading on Friday, reaching $56.54. 5,427,996 shares of the company were exchanged, compared to its average volume of 2,799,993. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. The business has a 50-day moving average price of $65.28 and a two-hundred day moving average price of $82.08. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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 net margin of 13.02% and a return on equity of 12.60%. Equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date was Monday, February 24th. Skyworks Solutions's dividend payout ratio is 85.89%.

Insiders Place Their Bets

In related news, CEO Philip G. Brace purchased 10,000 shares of the company'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 in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.34% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on SWKS shares. Bank of America reduced their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a report on Thursday, February 6th. Morgan Stanley cut their price target on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Barclays cut their target price on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating on the stock in a research note on Friday, January 17th. Finally, Citigroup raised their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research note on Friday, January 10th. Three research 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $83.78.

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.