Tower Research Capital LLC TRC Acquires 37,077 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Tower Research Capital LLC TRC raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 727.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 42,176 shares of the semiconductor manufacturer's stock after acquiring an additional 37,077 shares during the period. Tower Research Capital LLC TRC's holdings in Skyworks Solutions were worth $3,740,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SWKS. Transce3nd LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter worth $100,000. MetLife Investment Management LLC lifted its position in Skyworks Solutions by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 42,286 shares of the semiconductor manufacturer's stock worth $3,750,000 after buying an additional 743 shares in the last quarter. Natixis boosted its stake in shares of Skyworks Solutions by 340.6% during the 4th quarter. Natixis now owns 22,573 shares of the semiconductor manufacturer's stock worth $2,002,000 after buying an additional 17,450 shares during the last quarter. Norinchukin Bank The boosted its stake in shares of Skyworks Solutions by 7.3% during the 4th quarter. Norinchukin Bank The now owns 6,945 shares of the semiconductor manufacturer's stock worth $616,000 after buying an additional 471 shares during the last quarter. Finally, Ossiam increased its position in shares of Skyworks Solutions by 1,862.2% in the fourth quarter. Ossiam now owns 211,076 shares of the semiconductor manufacturer's stock valued at $18,718,000 after acquiring an additional 200,319 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Insider Buying and Selling

In related news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on SWKS. Morgan Stanley decreased their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating and reduced their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. The Goldman Sachs Group reduced their target price on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Rosenblatt Securities restated a "neutral" rating and set a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Barclays lowered their price objective on shares of Skyworks Solutions from $55.00 to $45.00 and set an "underweight" rating for the company in a research report on Tuesday. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of "Hold" and an average target price of $82.39.

Skyworks Solutions Stock Up 0.0 %

Shares of SWKS traded up $0.02 during trading hours on Friday, reaching $61.52. 2,090,873 shares of the stock traded hands, compared to its average volume of 2,845,527. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week 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 stock has a fifty day simple moving average of $63.27 and a 200 day simple moving average of $79.47. The company has a market cap of $9.65 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.79 and a beta of 1.21.

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

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date 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.