Skyworks Solutions, Inc. (NASDAQ:SWKS) Stake Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 93.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,143 shares of the semiconductor manufacturer's stock after acquiring an additional 21,860 shares during the quarter. Advisors Asset Management Inc.'s holdings in Skyworks Solutions were worth $4,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Erste Asset Management GmbH acquired a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions during the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions during the fourth quarter worth approximately $29,000. Investors Research Corp increased its position in shares of Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock worth $34,000 after acquiring an additional 213 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Skyworks Solutions in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

NASDAQ SWKS traded down $0.80 during trading hours on Tuesday, hitting $68.22. The company had a trading volume of 2,148,248 shares, compared to its average volume of 2,572,997. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The firm has a market cap of $10.97 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $75.26 and a 200-day simple moving average of $86.28.

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Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data 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 predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's payout ratio is currently 85.89%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SWKS shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Morgan Stanley decreased their target price 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. Argus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Bank of America decreased their price target on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a report on Thursday, February 6th. Finally, Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus target price of $83.78.

Insider Activity at Skyworks Solutions

In related news, CEO Philip G. Brace acquired 10,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at approximately $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.

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.