Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 34.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,859 shares of the semiconductor manufacturer's stock after purchasing an additional 7,932 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Skyworks Solutions were worth $2,737,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR raised its stake in shares of Skyworks Solutions by 9.5% in the fourth quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock valued at $380,000 after acquiring an additional 372 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Skyworks Solutions by 126.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock worth $9,047,000 after purchasing an additional 57,146 shares during the last quarter. Barclays PLC raised its stake in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after acquiring an additional 949,407 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Skyworks Solutions during the fourth quarter valued at $29,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $2,509,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

SWKS has been the topic of several recent research reports. 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 report on Tuesday, April 29th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a report on Thursday. The Goldman Sachs Group lowered their target price on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Morgan Stanley cut their price target on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Citigroup raised their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $78.29.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is owned by insiders.

Skyworks Solutions Price Performance

SWKS traded up $0.94 during trading on Friday, reaching $68.23. The company's stock had a trading volume of 4,996,398 shares, compared to its average volume of 2,872,252. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.79 and a beta of 1.18. The firm has a fifty day simple moving average of $63.02 and a two-hundred day simple moving average of $77.44. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) 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 firm had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. During the same period last year, the business earned $1.55 earnings per share. Skyworks Solutions's revenue was down 8.9% compared to the same quarter last year. As a group, analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's payout ratio is 85.89%.

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.