Banco Bilbao Vizcaya Argentaria S.A. Has $5.61 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,297 shares of the semiconductor manufacturer's stock after purchasing an additional 4,938 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Skyworks Solutions were worth $5,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC raised its position in shares of 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 buying an additional 949,407 shares during the last quarter. Sculati Wealth Management LLC increased its position in Skyworks Solutions by 49.3% during the third quarter. Sculati Wealth Management LLC now owns 9,057 shares of the semiconductor manufacturer's stock worth $981,000 after purchasing an additional 2,990 shares during the last quarter. World Investment Advisors LLC acquired a new position in Skyworks Solutions during the third quarter worth approximately $4,734,000. Arvest Bank Trust Division acquired a new position in Skyworks Solutions during the third quarter worth approximately $11,209,000. Finally, Wilmington Savings Fund Society FSB increased its position in Skyworks Solutions by 1.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 65,784 shares of the semiconductor manufacturer's stock worth $6,497,000 after purchasing an additional 1,244 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

SWKS traded up $0.48 during trading on Thursday, reaching $64.76. The stock had a trading volume of 1,725,456 shares, compared to its average volume of 2,844,513. The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The stock has a 50 day moving average of $62.99 and a two-hundred day moving average of $78.76.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal 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 given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.32%. Skyworks Solutions's dividend payout ratio (DPR) is presently 85.89%.

Insider Activity

In other news, CEO Philip G. Brace bought 10,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now directly 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on SWKS. Mizuho lowered shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. The Goldman Sachs Group dropped their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Rosenblatt Securities restated a "neutral" rating and issued a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. UBS Group decreased their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Bank of America decreased their target price on shares of 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 investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $80.44.

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.