LSV Asset Management Reduces Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

LSV Asset Management lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,555,832 shares of the semiconductor manufacturer's stock after selling 43,338 shares during the period. LSV Asset Management owned 0.97% of Skyworks Solutions worth $137,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Stephens Inc. AR lifted its position in Skyworks Solutions by 9.5% during the fourth quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock valued at $380,000 after purchasing an additional 372 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Skyworks Solutions by 126.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock valued at $9,047,000 after buying an additional 57,146 shares in the last quarter. Barclays PLC raised its position in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after buying an additional 949,407 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions in the 4th quarter valued at about $29,000. Finally, Proficio Capital Partners LLC purchased a new position in Skyworks Solutions in the fourth quarter worth about $2,509,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

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Skyworks Solutions Stock Down 0.6 %

NASDAQ:SWKS traded down $0.32 during trading hours on Tuesday, reaching $57.40. The company's stock had a trading volume of 2,353,672 shares, compared to its average volume of 2,805,661. The stock has a 50 day moving average price of $64.69 and a two-hundred day moving average price of $81.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The company has a market capitalization of $9.00 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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%. Equities analysts predict 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. Stockholders of record on Monday, February 24th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's dividend payout ratio is currently 85.89%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SWKS. Citigroup raised their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research note on Friday, January 10th. Stifel Nicolaus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Piper Sandler cut their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. The Goldman Sachs Group lowered their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Finally, B. Riley downgraded shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and cut their price target for the company from $110.00 to $65.00 in a 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 issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $83.78.

Insider Transactions at Skyworks Solutions

In other news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, for a total transaction 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. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.