Jump Financial LLC Purchases 90,287 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Jump Financial LLC boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 4,221.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 92,426 shares of the semiconductor manufacturer's stock after buying an additional 90,287 shares during the quarter. Jump Financial LLC owned approximately 0.06% of Skyworks Solutions worth $8,196,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions during the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at $29,000. Picton Mahoney Asset Management bought a new position in shares of Skyworks Solutions during the 4th quarter worth $33,000. Manchester Capital Management LLC increased its holdings in Skyworks Solutions by 325.2% in the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock worth $49,000 after acquiring an additional 426 shares during the last quarter. Finally, VSM Wealth Advisory LLC bought a new stake in Skyworks Solutions in the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Insider Transactions at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $661,300. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.28% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SWKS. Citigroup lifted their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research note on Friday, January 10th. Rosenblatt Securities reissued a "neutral" rating and set a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. The Goldman Sachs Group cut their price target on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Argus cut Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Mizuho lowered Skyworks Solutions from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $83.78.

Skyworks Solutions Trading Up 0.2 %

Skyworks Solutions stock traded up $0.12 during trading hours on Friday, reaching $55.98. The company had a trading volume of 2,344,856 shares, compared to its average volume of 2,823,949. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a market cap 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. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The company has a 50-day moving average price of $63.97 and a 200 day moving average price of $80.76.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly 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%. Equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a dividend of $0.70 per share. The ex-dividend date 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 85.89%.

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.