XTX Topco Ltd Cuts Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

XTX Topco Ltd lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 66.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,197 shares of the semiconductor manufacturer's stock after selling 12,347 shares during the period. XTX Topco Ltd's holdings in Skyworks Solutions were worth $550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Stephens Inc. AR increased its holdings in Skyworks Solutions by 9.5% in the fourth quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock worth $380,000 after purchasing an additional 372 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Skyworks Solutions by 126.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock valued at $9,047,000 after acquiring an additional 57,146 shares in the last quarter. Barclays PLC lifted its position in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after acquiring an additional 949,407 shares during the period. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions during the fourth quarter worth $29,000. Finally, Proficio Capital Partners LLC acquired a new stake in Skyworks Solutions in the fourth quarter worth $2,509,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SWKS. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. B. Riley lowered Skyworks Solutions from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Stifel Nicolaus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating and cut their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Bank of America dropped their price target on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus target price of $82.39.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares of the company's stock, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Skyworks Solutions Price Performance

SWKS stock traded up $2.80 during mid-day trading on Thursday, hitting $61.46. 2,416,543 shares of the stock were exchanged, compared to its average volume of 2,843,296. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 1.79 and a beta of 1.21. The business has a fifty day moving average price of $63.47 and a 200 day moving average price of $79.95. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (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 anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors 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 4.56%. Skyworks Solutions's dividend payout ratio is currently 85.89%.

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.