Legal & General Group Plc Has $117.58 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Legal & General Group Plc decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 20.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,325,920 shares of the semiconductor manufacturer's stock after selling 349,962 shares during the quarter. Legal & General Group Plc owned 0.82% of Skyworks Solutions worth $117,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SWKS. Golden State Wealth Management LLC acquired a new position in shares of Skyworks Solutions in the fourth quarter worth $28,000. SBI Securities Co. Ltd. purchased a new position in Skyworks Solutions in the fourth quarter valued at about $29,000. Picton Mahoney Asset Management acquired a new position in Skyworks Solutions in the 4th quarter worth about $33,000. 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 in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter valued at about $56,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Mizuho lowered shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. The Goldman Sachs Group decreased 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. Citigroup raised their target price on Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a report on Friday, January 10th. Finally, Argus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $83.78.

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Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS traded down $0.43 during trading on Tuesday, hitting $57.29. 1,247,056 shares of the stock were exchanged, compared to its average volume of 2,801,623. The company's fifty day simple moving average is $64.69 and its 200-day simple moving average is $81.67. 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 company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly 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%. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed 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. This represents a $2.80 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's payout ratio is 85.89%.

Insider Activity

In other news, CEO Philip G. Brace purchased 10,000 shares of the business's stock in a transaction that occurred on 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 acquisition, the chief executive officer now directly 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 legal filing with the SEC, which is available 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.