AQR Capital Management LLC Has $56.08 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

AQR Capital Management LLC lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 29.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 632,677 shares of the semiconductor manufacturer's stock after selling 265,514 shares during the quarter. AQR Capital Management LLC owned about 0.39% of Skyworks Solutions worth $56,080,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SWKS. Norges Bank acquired a new stake in shares of Skyworks Solutions in the fourth quarter worth $228,646,000. Pzena Investment Management LLC boosted its position in Skyworks Solutions by 37.5% during the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock worth $499,273,000 after purchasing an additional 1,536,289 shares during the period. Marshall Wace LLP increased its holdings in Skyworks Solutions by 4,364.4% in the 4th quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock valued at $126,072,000 after purchasing an additional 1,389,803 shares in the last quarter. Vulcan Value Partners LLC raised its position in Skyworks Solutions by 29.2% in the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock valued at $469,162,000 after purchasing an additional 1,194,782 shares during the period. Finally, Barclays PLC raised its position in Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after purchasing an additional 949,407 shares during the period. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Price Performance

NASDAQ:SWKS traded up $0.04 during midday trading on Tuesday, hitting $66.17. 1,591,595 shares of the stock were exchanged, compared to its average volume of 2,820,015. The business has a 50-day moving average price of $62.95 and a two-hundred day moving average price of $77.80. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results 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%. Sell-side 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. Stockholders of record on Monday, February 24th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Monday, February 24th. Skyworks Solutions's dividend payout ratio is presently 85.89%.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of recent research reports. Argus lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. The Goldman Sachs Group lowered their target price on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Citigroup lifted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research report on Friday, January 10th. Piper Sandler lowered their price objective on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $79.29.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price 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 in the company, valued at approximately $661,300. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is 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.