Invesco Ltd. Grows Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Invesco Ltd. increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,161,697 shares of the semiconductor manufacturer's stock after acquiring an additional 462,264 shares during the quarter. Invesco Ltd. owned about 1.97% of Skyworks Solutions worth $280,379,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stephens Inc. AR lifted its stake in shares of Skyworks Solutions by 9.5% during the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock valued at $380,000 after buying an additional 372 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Skyworks Solutions by 126.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock worth $9,047,000 after acquiring an additional 57,146 shares in the last quarter. 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 worth $191,023,000 after acquiring an additional 949,407 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at $29,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at $2,509,000. 85.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SWKS. Mizuho downgraded shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Stifel Nicolaus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating and lowered their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Citigroup boosted their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research report on Friday, January 10th. Argus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Bank of America reduced their target price on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $83.78.

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Skyworks Solutions Trading Down 0.8 %

NASDAQ SWKS traded down $0.43 on Tuesday, hitting $57.29. The company's stock had a trading volume of 1,247,056 shares, compared to its average volume of 2,801,623. 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 firm has a market cap of $8.98 billion, a P/E ratio of 17.58, a PEG ratio of 1.79 and a beta of 1.21. The company's 50-day simple moving average is $64.69 and its 200 day simple moving average is $81.67. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data 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%. Research analysts predict 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. 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 dividend on an annualized basis and a dividend yield of 4.89%. Skyworks Solutions's dividend payout ratio (DPR) is 85.89%.

Insider Transactions at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost 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 approximately $661,300. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company's stock.

Skyworks Solutions Company 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.