HighTower Advisors LLC Sells 11,076 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

HighTower Advisors LLC reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,153 shares of the semiconductor manufacturer's stock after selling 11,076 shares during the period. HighTower Advisors LLC owned 0.07% of Skyworks Solutions worth $10,212,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Pzena Investment Management LLC boosted its stake in shares of 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 last quarter. Barclays PLC grew its holdings in Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after acquiring an additional 949,407 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Skyworks Solutions by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer's stock worth $223,994,000 after purchasing an additional 775,470 shares during the last quarter. KBC Group NV raised its stake in shares of Skyworks Solutions by 114.0% in the 4th quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer's stock valued at $110,697,000 after purchasing an additional 664,874 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

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Skyworks Solutions Price Performance

SWKS stock traded up $1.18 during mid-day trading on Monday, reaching $70.58. 2,727,242 shares of the company traded hands, compared to its average volume of 2,507,580. The company has a fifty day moving average price of $77.51 and a 200-day moving average price of $87.54. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The company has a market capitalization of $11.35 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.79 and a beta of 1.18. 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 posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) 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%. As a group, analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.97%. Skyworks Solutions's dividend payout ratio is 85.89%.

Insiders Place Their Bets

In related news, CEO Philip G. Brace acquired 10,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were purchased 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 in the company, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on SWKS shares. Citigroup boosted their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research note on Friday, January 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. B. Riley lowered shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Argus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Skyworks Solutions has an average rating of "Hold" and a consensus price target of $83.78.

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.