Natixis Buys 17,450 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Natixis raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 340.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,573 shares of the semiconductor manufacturer's stock after acquiring an additional 17,450 shares during the period. Natixis' holdings in Skyworks Solutions were worth $2,002,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SWKS. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions in the 4th quarter worth approximately $29,000. Picton Mahoney Asset Management purchased a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $33,000. Manchester Capital Management LLC boosted its position in shares of Skyworks Solutions by 325.2% during the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock valued at $49,000 after acquiring an additional 426 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Skyworks Solutions by 53.2% during the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock valued at $56,000 after acquiring an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

SWKS has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a research note on Thursday, February 6th. Morgan Stanley lowered their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Citigroup boosted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research note on Friday, January 10th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and cut their target price for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and an average price target of $82.39.

Skyworks Solutions Stock Up 1.8 %

Shares of NASDAQ:SWKS opened at $57.80 on Wednesday. The business's 50 day moving average is $63.61 and its 200 day moving average is $80.09. The stock has a market cap of $9.06 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $120.86. 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 posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) 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%. Sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.84%. Skyworks Solutions's payout ratio is presently 85.89%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average price 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 of the company's stock, valued at approximately $661,300. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.28% 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.

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