Oxford Asset Management LLP Raises Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Oxford Asset Management LLP boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 111.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,836 shares of the semiconductor manufacturer's stock after purchasing an additional 4,138 shares during the period. Oxford Asset Management LLP's holdings in Skyworks Solutions were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions in the fourth quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions in the fourth quarter valued at $29,000. Picton Mahoney Asset Management purchased a new stake in Skyworks Solutions in the fourth quarter valued at $33,000. Manchester Capital Management LLC boosted its holdings in Skyworks Solutions by 325.2% in the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock valued at $49,000 after purchasing an additional 426 shares during the last quarter. Finally, VSM Wealth Advisory LLC purchased a new stake in Skyworks Solutions in the fourth quarter valued at $56,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Down 0.8 %

Skyworks Solutions stock traded down $0.51 during trading on Tuesday, hitting $61.60. The company had a trading volume of 2,537,572 shares, compared to its average volume of 2,847,528. 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 company's 50 day simple moving average is $63.05 and its 200-day simple moving average is $78.86. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.55%. Skyworks Solutions's dividend payout ratio (DPR) is presently 85.89%.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on SWKS. Bank of America lowered their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a research note on Thursday, February 6th. Morgan Stanley lowered their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Citigroup raised their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research note on Friday, January 10th. Finally, B. Riley lowered shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and decreased their price target for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $80.44.

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.