HighTower Advisors LLC Decreases Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

HighTower Advisors LLC reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wealthfront Advisers LLC grew its stake in Skyworks Solutions by 135.2% in the 4th quarter. Wealthfront Advisers LLC now owns 42,398 shares of the semiconductor manufacturer's stock worth $3,760,000 after acquiring an additional 24,374 shares in the last quarter. Inspire Advisors LLC grew its stake in Skyworks Solutions by 42.3% in the 4th quarter. Inspire Advisors LLC now owns 14,538 shares of the semiconductor manufacturer's stock worth $1,289,000 after acquiring an additional 4,323 shares in the last quarter. Pzena Investment Management LLC grew its stake in 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 worth $499,273,000 after acquiring an additional 1,536,289 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Skyworks Solutions by 74.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,259 shares of the semiconductor manufacturer's stock worth $7,649,000 after acquiring an additional 36,781 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in Skyworks Solutions by 246.4% in the 4th quarter. AlphaQuest LLC now owns 1,434 shares of the semiconductor manufacturer's stock worth $127,000 after acquiring an additional 1,020 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SWKS shares. Barclays lowered their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating for the company in a research report on Friday, January 17th. The Goldman Sachs Group lowered their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Citigroup upped their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research report on Friday, January 10th. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Stifel Nicolaus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating and decreased their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $83.78.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS traded up $0.46 during midday trading on Tuesday, reaching $71.04. The company's stock had a trading volume of 1,016,667 shares, compared to its average volume of 2,512,599. The firm has a market capitalization of $11.42 billion, a PE ratio of 21.77, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The stock has a fifty day moving average of $77.51 and a 200 day moving average of $87.54. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

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 return on equity of 12.60% and a net margin of 13.02%. On average, equities analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company 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. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 3.94%. Skyworks Solutions's dividend payout ratio is presently 85.89%.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.34% of the stock is owned by company insiders.

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.