Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Mariner LLC

Mariner LLC lessened its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 13.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,907 shares of the semiconductor manufacturer's stock after selling 4,800 shares during the period. Mariner LLC's holdings in Skyworks Solutions were worth $2,652,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Skyworks Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock valued at $1,803,915,000 after purchasing an additional 562,783 shares during the period. Pzena Investment Management LLC grew its holdings in shares of 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 during the period. Charles Schwab Investment Management Inc. increased its stake in Skyworks Solutions by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer's stock valued at $452,135,000 after purchasing an additional 267,343 shares in the last quarter. Geode Capital Management LLC raised its holdings in Skyworks Solutions by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock worth $372,727,000 after purchasing an additional 63,216 shares during the last quarter. Finally, FIL Ltd boosted its position in Skyworks Solutions by 0.3% during the fourth quarter. FIL Ltd now owns 3,502,951 shares of the semiconductor manufacturer's stock worth $310,642,000 after purchasing an additional 10,664 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SWKS shares. Barclays dropped their price target on Skyworks Solutions from $55.00 to $45.00 and set an "underweight" rating for the company in a research report on Tuesday. B. Riley lowered shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and lowered their price target for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Citigroup upped their target price on Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research note on Friday, January 10th. The Goldman Sachs Group cut their price target on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Finally, Morgan Stanley cut their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus price target of $82.39.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.28% of the company's stock.

Skyworks Solutions Trading Up 0.0 %

SWKS traded up $0.02 during trading on Friday, hitting $61.52. 2,090,873 shares of the company's stock were exchanged, compared to its average volume of 2,845,524. The stock has a 50 day moving average price of $63.27 and a 200 day moving average price of $79.47. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.86. 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 $9.65 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results 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 expect 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. Stockholders of record on Monday, February 24th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.55%. Skyworks Solutions's dividend payout ratio (DPR) is presently 85.89%.

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.