Nicholas Company Inc. Has $59.87 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Nicholas Company Inc. raised its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 30.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 675,076 shares of the semiconductor manufacturer's stock after acquiring an additional 157,255 shares during the quarter. Nicholas Company Inc. owned about 0.42% of Skyworks Solutions worth $59,866,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Apollon Wealth Management LLC increased its position in Skyworks Solutions by 20.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,003 shares of the semiconductor manufacturer's stock worth $297,000 after buying an additional 506 shares during the period. GSA Capital Partners LLP bought a new position in Skyworks Solutions during the third quarter worth $380,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Skyworks Solutions by 2.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 440,559 shares of the semiconductor manufacturer's stock valued at $43,514,000 after purchasing an additional 11,182 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Skyworks Solutions by 30.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,388 shares of the semiconductor manufacturer's stock valued at $433,000 after purchasing an additional 1,022 shares during the period. Finally, OneDigital Investment Advisors LLC grew its position in Skyworks Solutions by 6.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,501 shares of the semiconductor manufacturer's stock worth $445,000 after purchasing an additional 263 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

SWKS has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Morgan Stanley reduced their price objective on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Rosenblatt Securities reissued a "neutral" rating and set a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Stifel Nicolaus lowered Skyworks Solutions from a "buy" rating to a "hold" rating and cut their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, 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. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Skyworks Solutions presently has an average rating of "Hold" and an average price target of $83.78.

Insider Buying and Selling at Skyworks Solutions

In other news, CEO Philip G. Brace bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Up 0.4 %

Shares of NASDAQ SWKS traded up $0.30 during mid-day trading on Tuesday, reaching $70.88. 2,522,620 shares of the company's stock were exchanged, compared to its average volume of 2,518,278. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month 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 capitalization of $11.39 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.79 and a beta of 1.18. The business has a fifty day simple moving average of $77.51 and a 200 day simple moving average of $87.54.

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 for the quarter, missing analysts' consensus estimates 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, equities analysts expect 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. Shareholders of record on Monday, February 24th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.95%. The ex-dividend date was Monday, February 24th. Skyworks Solutions's dividend payout ratio is 85.89%.

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.