FIL Ltd Acquires 10,664 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

FIL Ltd raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,502,951 shares of the semiconductor manufacturer's stock after acquiring an additional 10,664 shares during the period. FIL Ltd owned 2.18% of Skyworks Solutions worth $310,642,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Royal London Asset Management Ltd. grew its stake in Skyworks Solutions by 6.9% during the 3rd quarter. Royal London Asset Management Ltd. now owns 65,825 shares of the semiconductor manufacturer's stock worth $6,502,000 after buying an additional 4,227 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Skyworks Solutions by 6.7% in the 3rd quarter. Stifel Financial Corp now owns 82,531 shares of the semiconductor manufacturer's stock worth $8,153,000 after acquiring an additional 5,190 shares during the period. Wellington Management Group LLP lifted its position in Skyworks Solutions by 52.0% in 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 purchasing an additional 775,470 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in Skyworks Solutions by 246.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 18,204 shares of the semiconductor manufacturer's stock valued at $1,798,000 after purchasing an additional 12,955 shares during the period. Finally, MML Investors Services LLC grew its position in Skyworks Solutions by 0.9% in the 3rd quarter. MML Investors Services LLC now owns 21,156 shares of the semiconductor manufacturer's stock worth $2,090,000 after purchasing an additional 196 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

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Skyworks Solutions Stock Up 5.0 %

Shares of NASDAQ SWKS traded up $2.70 during mid-day trading on Friday, reaching $56.54. The company had a trading volume of 5,427,996 shares, compared to its average volume of 2,802,810. 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, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86. The stock's 50 day moving average is $65.28 and its 200-day moving average is $81.96. The stock has a market capitalization of $8.87 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly 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%. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

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. This represents a $2.80 annualized dividend and a yield of 4.95%. The ex-dividend date was Monday, February 24th. Skyworks Solutions's payout ratio is 85.89%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Citigroup increased their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research note on Friday, January 10th. The Goldman Sachs Group reduced their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Stifel Nicolaus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating and decreased their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three equities 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's stock. According to MarketBeat, Skyworks Solutions has an average rating of "Hold" and a consensus target price of $83.78.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.34% of the company's stock.

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.