Wellington Management Group LLP Acquires 497,575 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Wellington Management Group LLP increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,765,410 shares of the semiconductor manufacturer's stock after acquiring an additional 497,575 shares during the quarter. Wellington Management Group LLP owned about 1.72% of Skyworks Solutions worth $245,237,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SWKS. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions during the third quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions during the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions during the 4th quarter worth $29,000. Picton Mahoney Asset Management acquired a new position in Skyworks Solutions in the 4th quarter valued at $33,000. Finally, Manchester Capital Management LLC raised its holdings in Skyworks Solutions by 325.2% in the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock valued at $49,000 after acquiring an additional 426 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Insider Buying and Selling

In other news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

A number of research firms recently commented on SWKS. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Stifel Nicolaus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating and dropped their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Rosenblatt Securities reiterated a "neutral" rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a research report 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 on the stock in a research note on Thursday, February 6th. Finally, Bank of America cut their target price on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $83.78.

Skyworks Solutions Trading Down 7.0 %

SWKS traded down $3.98 during trading on Friday, reaching $52.78. 5,964,768 shares of the company's stock were exchanged, compared to its average volume of 2,695,199. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a one year low of $52.04 and a one year high of $120.86. The firm has a fifty day moving average price of $70.01 and a two-hundred day moving average price of $84.00. The stock has a market capitalization of $8.28 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21.

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 return on equity of 12.60% and a net margin of 13.02%. As a group, equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given 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 dividend yield of 5.31%. Skyworks Solutions's dividend payout ratio (DPR) is 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.