Investment Management Corp of Ontario Has $2.22 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Investment Management Corp of Ontario boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 103.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,010 shares of the semiconductor manufacturer's stock after purchasing an additional 12,699 shares during the period. Investment Management Corp of Ontario's holdings in Skyworks Solutions were worth $2,218,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Skyworks Solutions in the 4th quarter worth about $228,646,000. Pzena Investment Management LLC grew its stake in shares of Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock worth $499,273,000 after purchasing an additional 1,536,289 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Skyworks Solutions by 4,364.4% in the 4th quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock worth $126,072,000 after purchasing 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% in the fourth 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 boosted its holdings 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 worth $191,023,000 after buying an additional 949,407 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Argus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. UBS Group dropped their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Bank of America reduced their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Finally, Mizuho downgraded Skyworks Solutions from an "outperform" rating to a "neutral" rating and cut their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Three 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 currently has an average rating of "Hold" and an average price target of $78.29.

Skyworks Solutions Stock Up 0.1%

NASDAQ:SWKS traded up $0.04 during trading hours on Thursday, reaching $72.28. 2,942,370 shares of the stock were exchanged, compared to its average volume of 2,905,407. The stock has a market cap of $10.85 billion, a PE ratio of 22.17, a PEG ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86. The firm has a 50 day moving average of $63.29 and a 200 day moving average of $76.78.

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

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is presently 109.80%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $661,300. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by insiders.

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.