Manning & Napier Advisors LLC Has $2.97 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Manning & Napier Advisors LLC cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 32.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,509 shares of the semiconductor manufacturer's stock after selling 16,374 shares during the period. Manning & Napier Advisors LLC's holdings in Skyworks Solutions were worth $2,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Forsta AP Fonden boosted its position in Skyworks Solutions by 27.0% in the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock valued at $3,674,000 after buying an additional 7,900 shares during the last quarter. Versor Investments LP lifted its position in Skyworks Solutions by 115.3% during the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock valued at $1,966,000 after purchasing an additional 10,658 shares during the period. Van ECK Associates Corp boosted its stake in shares of Skyworks Solutions by 25.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock valued at $152,915,000 after purchasing an additional 325,672 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer's stock worth $3,615,000 after buying an additional 6,151 shares during the period. Finally, Barclays PLC raised its stake in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after buying an additional 949,407 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares of the company's stock, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Performance

Shares of SWKS stock traded up $0.16 during midday trading on Thursday, hitting $90.32. 517,769 shares of the company were exchanged, compared to its average volume of 2,324,922. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86. The firm has a market capitalization of $14.44 billion, a P/E ratio of 24.39, a PEG ratio of 2.03 and a beta of 1.15. The firm's 50 day moving average price is $89.69 and its two-hundred day moving average price is $96.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the business posted $1.95 earnings per share. Skyworks Solutions's quarterly revenue was down 15.9% on a year-over-year basis. As a group, equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.10%. Skyworks Solutions's dividend payout ratio (DPR) is presently 75.68%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SWKS. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Loop Capital started coverage on Skyworks Solutions in a report on Monday, November 11th. They set a "hold" rating and a $90.00 price objective on the stock. Susquehanna dropped their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. B. Riley cut their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Finally, Citigroup lifted their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $101.12.

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.