Two Sigma Investments LP lowered its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,695 shares of the semiconductor manufacturer's stock after selling 12,436 shares during the quarter. Two Sigma Investments LP owned 0.13% of Skyworks Solutions worth $18,330,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Stephens Inc. AR raised its position in Skyworks Solutions by 9.5% during the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock valued at $380,000 after purchasing an additional 372 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Skyworks Solutions by 126.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock valued at $9,047,000 after purchasing an additional 57,146 shares in the last quarter. Barclays PLC raised its position in Skyworks Solutions by 96.4% during the 3rd 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions during the 4th quarter valued at $29,000. Finally, Proficio Capital Partners LLC bought a new stake in Skyworks Solutions during the 4th quarter valued at $2,509,000. Hedge funds and other institutional investors own 85.43% of the company's stock.
Insider Buying and Selling at Skyworks Solutions
In other news, CEO Philip G. Brace purchased 10,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.28% of the company's stock.
Skyworks Solutions Stock Performance
Skyworks Solutions stock traded down $0.97 during trading hours on Monday, hitting $69.39. 3,902,192 shares of the stock traded hands, compared to its average volume of 2,934,789. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm's 50 day moving average price is $63.62 and its 200-day moving average price is $75.65. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 21.29, a P/E/G 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.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The company's quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 EPS. As a group, equities analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.
Skyworks Solutions Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be paid 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 yield of 4.04%. Skyworks Solutions's payout ratio is presently 109.80%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on SWKS shares. Morgan Stanley decreased their target price on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Barclays lifted their target price on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. Stifel Nicolaus boosted their price target on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Bank of America reduced their price target on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $78.29.
Read Our Latest Analysis on Skyworks Solutions
Skyworks Solutions Profile
(
Free Report)
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.
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