Sherbrooke Park Advisers LLC Has $708,000 Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Sherbrooke Park Advisers LLC raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 180.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,988 shares of the semiconductor manufacturer's stock after buying an additional 5,142 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Skyworks Solutions were worth $708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $228,646,000. Pzena Investment Management LLC increased its position in shares of 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 last quarter. Marshall Wace LLP raised its holdings in Skyworks Solutions by 4,364.4% during the fourth quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock worth $126,072,000 after acquiring an additional 1,389,803 shares in the last quarter. Vulcan Value Partners LLC raised its holdings in Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after acquiring an additional 1,194,782 shares in the last quarter. Finally, Barclays PLC boosted its position in 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 purchasing an additional 949,407 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Price Performance

SWKS traded down $0.57 on Thursday, hitting $70.79. 1,356,267 shares of the stock were exchanged, compared to its average volume of 2,914,791. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 21.71, 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 12 month low of $47.93 and a 12 month high of $120.86. The business has a 50-day moving average of $63.65 and a two-hundred day moving average of $76.11.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The company had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business's revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 EPS. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business 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 $0.70 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.96%. Skyworks Solutions's payout ratio is currently 109.80%.

Insider Buying and Selling

In other news, CEO Philip G. Brace acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SWKS has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus increased their price target on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Finally, Mizuho downgraded shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $78.29.

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.