Man Group plc Sells 139,673 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Man Group plc decreased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 48.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 146,268 shares of the semiconductor manufacturer's stock after selling 139,673 shares during the period. Man Group plc owned 0.09% of Skyworks Solutions worth $12,971,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SWKS. Norges Bank bought a new stake in Skyworks Solutions during the fourth quarter worth approximately $228,646,000. Pzena Investment Management LLC lifted its stake in shares of Skyworks Solutions by 37.5% in the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock worth $499,273,000 after buying an additional 1,536,289 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Skyworks Solutions by 4,364.4% in the fourth quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock worth $126,072,000 after buying an additional 1,389,803 shares during the last quarter. Vulcan Value Partners LLC boosted its holdings in shares of Skyworks Solutions by 29.2% during the 4th quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after buying an additional 1,194,782 shares during the period. Finally, Barclays PLC grew its stake in Skyworks Solutions by 96.4% in the 3rd 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. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SWKS. UBS Group cut 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 report on Tuesday, April 29th. Bank of America dropped their price objective on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus increased their target price on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Barclays upped their price target on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $78.29.

Insider Activity at Skyworks Solutions

In related news, CEO Philip G. Brace acquired 10,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by insiders.

Skyworks Solutions Price Performance

Shares of SWKS stock traded down $1.56 during mid-day trading on Friday, reaching $68.80. The company's stock had a trading volume of 1,010,767 shares, compared to its average volume of 2,916,037. The firm's 50-day moving average is $63.65 and its two-hundred day moving average is $75.99. The company has a market cap of $10.33 billion, a P/E ratio of 21.15, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business had revenue of $953.20 million for the quarter, compared to analysts' expectations of $951.50 million. During the same quarter in the previous year, the firm posted $1.55 earnings per share. The firm's revenue for the quarter was down 8.9% on a year-over-year basis. On average, research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 4.07%. Skyworks Solutions's dividend payout ratio (DPR) is presently 109.80%.

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.