ProShare Advisors LLC Purchases 15,095 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

ProShare Advisors LLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 141,601 shares of the semiconductor manufacturer's stock after buying an additional 15,095 shares during the quarter. ProShare Advisors LLC owned 0.09% of Skyworks Solutions worth $12,557,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Skyworks Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock valued at $1,803,915,000 after acquiring an additional 562,783 shares during the period. Pzena Investment Management LLC increased its stake in 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 valued at $499,273,000 after acquiring an additional 1,536,289 shares during the period. Vulcan Value Partners LLC increased its stake in 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 valued at $469,162,000 after acquiring an additional 1,194,782 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Skyworks Solutions by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer's stock valued at $452,135,000 after acquiring an additional 267,343 shares during the period. Finally, Geode Capital Management LLC increased its stake in Skyworks Solutions by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock valued at $372,727,000 after acquiring an additional 63,216 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Finally, Piper Sandler dropped their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Stock Down 0.7%

Shares of SWKS stock traded down $0.51 during trading hours on Thursday, hitting $70.84. 1,111,866 shares of the company were exchanged, compared to its average volume of 2,913,932. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average of $63.65 and a two-hundred day moving average of $76.11. The company has a market capitalization of $10.64 billion, a PE ratio of 21.77, a PEG ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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 firm had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. During the same quarter last year, the business posted $1.55 EPS. The company's revenue for the quarter was down 8.9% on a year-over-year basis. Analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders 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 dividend yield of 3.95%. Skyworks Solutions's dividend payout ratio is currently 109.80%.

Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company's stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by insiders.

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.