Fmr LLC Lowers Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

FMR LLC reduced its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,496,318 shares of the semiconductor manufacturer's stock after selling 195,319 shares during the quarter. FMR LLC owned about 1.55% of Skyworks Solutions worth $221,374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in shares of Skyworks Solutions during the fourth quarter worth $228,646,000. Pzena Investment Management LLC increased its stake in shares of Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock valued at $499,273,000 after acquiring an additional 1,536,289 shares in the last quarter. Barclays PLC boosted its stake in Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after acquiring an additional 949,407 shares in the last quarter. KBC Group NV grew its holdings in Skyworks Solutions by 114.0% in the fourth quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer's stock worth $110,697,000 after purchasing an additional 664,874 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Skyworks Solutions by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock worth $1,803,915,000 after purchasing an additional 562,783 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Up 0.2 %

Shares of SWKS traded up $0.08 during mid-day trading on Thursday, reaching $55.94. The company had a trading volume of 565,716 shares, compared to its average volume of 2,811,987. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. The firm has a 50-day moving average price of $64.33 and a 200 day moving average price of $81.33. 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 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%. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current 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 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 yield of 5.01%. Skyworks Solutions's dividend payout ratio is currently 85.89%.

Analyst Ratings Changes

A number of equities research analysts have commented on SWKS shares. Piper Sandler reduced their price objective on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating and reduced their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Argus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Barclays reduced their target price on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating for the company in a report on Friday, January 17th. Finally, The Goldman Sachs Group cut their price objective on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $83.78.

Insider Activity

In related news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price 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 in the company, valued at $661,300. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.28% of the company's stock.

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.