Schroder Investment Management Group Raises Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Schroder Investment Management Group grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 733,928 shares of the semiconductor manufacturer's stock after buying an additional 148,494 shares during the quarter. Schroder Investment Management Group owned 0.46% of Skyworks Solutions worth $64,894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SWKS. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions in the third quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new position in Skyworks Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Skyworks Solutions during the 4th quarter valued at $29,000. Picton Mahoney Asset Management bought a new stake in shares of Skyworks Solutions during the 4th quarter worth $33,000. Finally, Manchester Capital Management LLC raised its stake in shares of Skyworks Solutions by 325.2% during the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock worth $49,000 after purchasing an additional 426 shares during the period. 85.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on SWKS shares. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. B. Riley downgraded shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Citigroup boosted their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research report on Friday, January 10th. Finally, Piper Sandler cut their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $83.78.

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Insider Buying and Selling at Skyworks Solutions

In other news, CEO Philip G. Brace bought 10,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company's stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Down 5.4 %

Shares of NASDAQ:SWKS traded down $3.09 during trading on Friday, reaching $53.67. 3,417,864 shares of the stock traded hands, compared to its average volume of 2,678,734. The stock has a market cap of $8.63 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The stock has a 50-day moving average of $70.78 and a two-hundred day moving average of $84.49. Skyworks Solutions, Inc. has a 52-week low of $52.05 and a 52-week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date was Monday, February 24th. Skyworks Solutions's dividend payout ratio (DPR) is presently 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.