Quantinno Capital Management LP Boosts Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Quantinno Capital Management LP boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 68.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,264 shares of the semiconductor manufacturer's stock after purchasing an additional 30,117 shares during the quarter. Quantinno Capital Management LP's holdings in Skyworks Solutions were worth $6,586,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new position in Skyworks Solutions during the 4th quarter valued at $228,646,000. Pzena Investment Management LLC grew its position in Skyworks Solutions by 37.5% during 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 buying an additional 1,536,289 shares during the period. Marshall Wace LLP increased its stake in shares of Skyworks Solutions by 4,364.4% during 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 lifted its position in shares of Skyworks Solutions by 29.2% during the 4th quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock valued at $469,162,000 after buying an additional 1,194,782 shares during the last quarter. Finally, Barclays PLC increased its stake 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 purchasing an additional 949,407 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Insider Activity

In other news, CEO Philip G. Brace acquired 10,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.28% of the company's stock.

Wall Street Analyst Weigh In

SWKS has been the subject of several analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Bank of America lowered their target price on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus upped their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. The Goldman Sachs Group dropped their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Finally, B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and reduced their price target for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of "Hold" and a consensus price target of $78.29.

Skyworks Solutions Price Performance

NASDAQ:SWKS traded up $0.36 during trading hours on Tuesday, hitting $73.28. 2,453,046 shares of the stock traded hands, compared to its average volume of 2,913,445. The stock has a 50 day moving average price of $63.49 and a 200 day moving average price of $76.16. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth 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 issued its earnings results 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. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The company had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same quarter in the prior year, the firm posted $1.55 EPS. Skyworks Solutions's quarterly revenue was down 8.9% compared to the same quarter last year. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm 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 $0.70 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 3.82%. Skyworks Solutions's payout ratio is 109.80%.

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.