Wealthfront Advisers LLC Purchases 24,374 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Wealthfront Advisers LLC lifted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 135.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,398 shares of the semiconductor manufacturer's stock after acquiring an additional 24,374 shares during the period. Wealthfront Advisers LLC's holdings in Skyworks Solutions were worth $3,760,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Pzena Investment Management LLC increased its position in shares of Skyworks Solutions by 37.5% in the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock worth $499,273,000 after acquiring an additional 1,536,289 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Skyworks Solutions by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer's stock valued at $452,135,000 after purchasing an additional 267,343 shares in the last quarter. Geode Capital Management LLC grew its holdings in Skyworks Solutions by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer's stock valued at $408,410,000 after purchasing an additional 28,009 shares in the last quarter. FMR LLC grew its holdings in Skyworks Solutions by 7.3% during the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer's stock valued at $265,853,000 after purchasing an additional 182,130 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Skyworks Solutions by 52.0% during 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 in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

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Skyworks Solutions Stock Up 3.3 %

SWKS traded up $2.21 on Friday, reaching $69.40. 2,866,087 shares of the company traded hands, compared to its average volume of 2,565,250. The stock's 50 day moving average price is $77.92 and its 200-day moving average price is $88.07. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions's dividend payout ratio is 85.89%.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was bought 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 directly owns 10,000 shares of the company's stock, valued at approximately $661,300. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SWKS. Morgan Stanley reduced their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Stifel Nicolaus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating and reduced their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Piper Sandler reduced their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group reduced their price target on shares of 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 research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $83.78.

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.