Nuveen Asset Management LLC Has $33.88 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Nuveen Asset Management LLC decreased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 382,046 shares of the semiconductor manufacturer's stock after selling 31,093 shares during the period. Nuveen Asset Management LLC owned 0.24% of Skyworks Solutions worth $33,880,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stephens Inc. AR lifted its position in shares of Skyworks Solutions by 9.5% in the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock worth $380,000 after buying an additional 372 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Skyworks Solutions by 126.6% in the fourth 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 during the period. Barclays PLC boosted its stake 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 acquiring an additional 949,407 shares during the period. SBI Securities Co. Ltd. acquired a new position in Skyworks Solutions in the fourth quarter valued at approximately $29,000. Finally, Proficio Capital Partners LLC acquired a new position in Skyworks Solutions in the fourth quarter valued at approximately $2,509,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded down $0.97 on Friday, reaching $69.39. 3,902,192 shares of the stock were exchanged, compared to its average volume of 2,934,789. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86. The firm has a fifty day moving average price of $63.62 and a two-hundred day moving average price of $75.86. The stock has a market cap of $10.42 billion, a PE ratio of 21.29, a PEG ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. The business had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The firm's revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 EPS. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 4.04%. Skyworks Solutions's payout ratio is 109.80%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SWKS shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. The Goldman Sachs Group dropped their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. B. Riley cut shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Argus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $80.00 target price (down previously 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, sixteen have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $78.29.

Insider Buying and Selling

In related news, CEO Philip G. Brace purchased 10,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.28% of the stock is currently owned by insiders.

Skyworks Solutions 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.