Sei Investments Co. Has $19.38 Million Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Sei Investments Co. raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 29.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 218,521 shares of the semiconductor manufacturer's stock after buying an additional 50,055 shares during the period. Sei Investments Co. owned about 0.14% of Skyworks Solutions worth $19,377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SWKS. Pzena Investment Management LLC lifted its stake 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 valued at $499,273,000 after purchasing an additional 1,536,289 shares during the last quarter. Barclays PLC boosted its stake in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after acquiring an additional 949,407 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Skyworks Solutions by 52.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer's stock valued at $223,994,000 after acquiring an additional 775,470 shares during the last quarter. KBC Group NV lifted its holdings in Skyworks Solutions by 114.0% in the 4th quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer's stock worth $110,697,000 after purchasing an additional 664,874 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Skyworks Solutions by 40.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,715,181 shares of the semiconductor manufacturer's stock worth $152,102,000 after purchasing an additional 495,774 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Bank of America dropped their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a report on Thursday, February 6th. Citigroup upped their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a report on Friday, January 10th. Morgan Stanley lowered their price target on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Mizuho cut Skyworks Solutions from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $83.78.

Skyworks Solutions Price Performance

SWKS stock traded down $0.71 during trading on Tuesday, hitting $63.92. The company had a trading volume of 213,157 shares, compared to its average volume of 2,645,260. The company has a fifty day moving average price of $72.62 and a two-hundred day moving average price of $85.09. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The company has a market cap of $10.27 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 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%. Equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's dividend payout ratio (DPR) is currently 85.89%.

Skyworks Solutions 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.