Manning & Napier Group LLC Sells 9,852 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Manning & Napier Group LLC lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,587 shares of the semiconductor manufacturer's stock after selling 9,852 shares during the quarter. Manning & Napier Group LLC's holdings in Skyworks Solutions were worth $4,900,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its stake in Skyworks Solutions by 804.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,883,265 shares of the semiconductor manufacturer's stock worth $340,168,000 after buying an additional 2,564,631 shares during the period. Norges Bank purchased a new position in Skyworks Solutions in the fourth quarter valued at $152,111,000. DnB Asset Management AS grew its stake in Skyworks Solutions by 60.9% during the 3rd quarter. DnB Asset Management AS now owns 1,344,282 shares of the semiconductor manufacturer's stock worth $132,533,000 after purchasing an additional 508,807 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Skyworks Solutions by 40.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer's stock worth $180,083,000 after purchasing an additional 465,223 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in Skyworks Solutions in the 1st quarter valued at about $53,654,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $0.43 during mid-day trading on Friday, reaching $108.32. 1,718,183 shares of the company were exchanged, compared to its average volume of 3,046,421. The firm has a market cap of $17.36 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 2.00 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The firm's 50-day simple moving average is $105.09 and its two-hundred day simple moving average is $101.15. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $118.42.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm posted $2.33 EPS. Skyworks Solutions's quarterly revenue was down 9.6% on a year-over-year basis. Equities analysts predict that Skyworks Solutions, Inc. will post 5.68 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions's payout ratio is 48.23%.

Analyst Ratings Changes

SWKS has been the topic of a number of recent research reports. Rosenblatt Securities restated a "buy" rating and set a $130.00 target price on shares of Skyworks Solutions in a research note on Wednesday, January 31st. B. Riley lifted their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 31st. Susquehanna increased their target price on Skyworks Solutions from $120.00 to $125.00 and gave the company a "positive" rating in a report on Wednesday, January 31st. Mizuho raised their price target on Skyworks Solutions from $108.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, December 18th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $90.00 price objective on shares of Skyworks Solutions in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $115.10.

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.