Barclays PLC Has $104.64 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Barclays PLC cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,179,964 shares of the semiconductor manufacturer's stock after selling 754,073 shares during the period. Barclays PLC owned approximately 0.73% of Skyworks Solutions worth $104,639,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. MML Investors Services LLC boosted its stake in shares of Skyworks Solutions by 0.9% during the third quarter. MML Investors Services LLC now owns 21,156 shares of the semiconductor manufacturer's stock valued at $2,090,000 after acquiring an additional 196 shares during the last quarter. Sculati Wealth Management LLC boosted its stake in shares of Skyworks Solutions by 49.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 9,057 shares of the semiconductor manufacturer's stock worth $981,000 after purchasing an additional 2,990 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Skyworks Solutions during the third quarter worth about $4,734,000. Arvest Bank Trust Division acquired a new position in shares of Skyworks Solutions in the third quarter valued at approximately $11,209,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Skyworks Solutions by 1.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 65,784 shares of the semiconductor manufacturer's stock valued at $6,497,000 after buying an additional 1,244 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SWKS has been the topic of several recent analyst reports. Citigroup increased their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research report on Friday, January 10th. Barclays decreased their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Bank of America reduced their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions currently has an average rating of "Hold" and an average target price of $83.78.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were 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 directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is currently owned by corporate insiders.

Skyworks Solutions Trading Up 0.2 %

NASDAQ:SWKS traded up $0.12 on Friday, hitting $55.98. 2,344,856 shares of the stock were exchanged, compared to its average volume of 2,823,949. The company's 50-day moving average price is $63.97 and its 200 day moving average price is $80.76. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.79 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 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%. On average, equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

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 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 dividend yield of 5.00%. Skyworks Solutions's dividend payout ratio (DPR) is currently 85.89%.

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.