Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,500 shares of the semiconductor manufacturer's stock after buying an additional 4,600 shares during the quarter. Canada Pension Plan Investment Board owned about 0.07% of Skyworks Solutions worth $10,597,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Marshall Wace LLP boosted its position in shares of Skyworks Solutions by 4,364.4% during the 4th quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock valued at $126,072,000 after acquiring an additional 1,389,803 shares during the last quarter. Jump Financial LLC raised its stake in Skyworks Solutions by 4,221.0% during the fourth quarter. Jump Financial LLC now owns 92,426 shares of the semiconductor manufacturer's stock worth $8,196,000 after purchasing an additional 90,287 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings in Skyworks Solutions by 40.5% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 10,859 shares of the semiconductor manufacturer's stock valued at $963,000 after purchasing an additional 3,129 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $14,970,000. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $3,740,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on SWKS. B. Riley lowered shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and reduced their price target for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Argus cut Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Stifel Nicolaus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating and cut their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group decreased their target price 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, eighteen have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $82.39.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Skyworks Solutions Stock Up 0.0 %

NASDAQ SWKS traded up $0.02 during trading hours on Friday, hitting $61.52. 2,090,873 shares of the company were exchanged, compared to its average volume of 2,850,617. The company has a 50 day moving average of $63.27 and a two-hundred day moving average of $79.23. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $120.86.

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%. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid 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 4.55%. Skyworks Solutions's payout ratio is currently 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.