Vulcan Value Partners LLC Grows Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vulcan Value Partners LLC raised its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 29.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,290,813 shares of the semiconductor manufacturer's stock after buying an additional 1,194,782 shares during the period. Skyworks Solutions comprises approximately 7.8% of Vulcan Value Partners LLC's investment portfolio, making the stock its 2nd biggest position. Vulcan Value Partners LLC owned 3.29% of Skyworks Solutions worth $469,162,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SWKS. Vanguard Group Inc. increased its position in shares of Skyworks Solutions by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock worth $1,803,915,000 after purchasing an additional 562,783 shares in the last quarter. Pzena Investment Management LLC grew its position in Skyworks Solutions by 37.5% during the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock worth $499,273,000 after purchasing an additional 1,536,289 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Skyworks Solutions by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer's stock worth $452,135,000 after purchasing an additional 267,343 shares in the last quarter. Geode Capital Management LLC grew its holdings in Skyworks Solutions by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock valued at $372,727,000 after purchasing an additional 63,216 shares during the period. Finally, FIL Ltd raised its stake in shares of Skyworks Solutions by 0.3% during the 4th quarter. FIL Ltd now owns 3,502,951 shares of the semiconductor manufacturer's stock worth $310,642,000 after buying an additional 10,664 shares during the period. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded down $0.51 during mid-day trading on Tuesday, hitting $61.60. 2,537,572 shares of the company's stock traded hands, compared to its average volume of 2,847,528. The firm has a 50 day moving average of $63.16 and a two-hundred day moving average of $78.98. 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, Inc. has a 12 month low of $47.93 and a 12 month high of $120.86. The firm has a market capitalization 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 return on equity of 12.60% and a net margin of 13.02%. On average, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.55%. Skyworks Solutions's payout ratio is presently 85.89%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.28% of the company's stock.

Analyst Upgrades and Downgrades

SWKS has been the subject of several research reports. The Goldman Sachs Group dropped their price target on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Rosenblatt Securities restated a "neutral" rating and issued a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. UBS Group lowered their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday. Mizuho lowered Skyworks Solutions from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Citigroup increased their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $80.44.

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.