Vulcan Value Partners LLC Purchases 1,194,782 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vulcan Value Partners LLC grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 29.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,290,813 shares of the semiconductor manufacturer's stock after buying an additional 1,194,782 shares during the period. Skyworks Solutions makes up 7.8% of Vulcan Value Partners LLC's investment portfolio, making the stock its 2nd biggest holding. Vulcan Value Partners LLC owned about 3.29% of Skyworks Solutions worth $469,162,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Skyworks Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock valued at $1,803,915,000 after buying an additional 562,783 shares in the last quarter. Pzena Investment Management LLC boosted 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 worth $499,273,000 after purchasing an additional 1,536,289 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 worth $452,135,000 after purchasing an additional 267,343 shares in the last quarter. Geode Capital Management LLC boosted 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 worth $372,727,000 after purchasing an additional 63,216 shares in the last quarter. Finally, FIL Ltd boosted its stake in Skyworks Solutions by 0.3% in the fourth quarter. FIL Ltd now owns 3,502,951 shares of the semiconductor manufacturer's stock worth $310,642,000 after purchasing an additional 10,664 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Mizuho downgraded Skyworks Solutions from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Rosenblatt Securities restated a "neutral" rating and set a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Barclays dropped their target price on Skyworks Solutions from $55.00 to $45.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. UBS Group dropped their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Citigroup boosted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research report on Friday, January 10th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $80.44.

Insider Buying and Selling at Skyworks Solutions

In other news, CEO Philip G. Brace bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost 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 of the company's stock, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.28% of the company's stock.

Skyworks Solutions Stock Up 1.9 %

Shares of NASDAQ:SWKS traded up $1.22 during mid-day trading on Thursday, reaching $65.50. 2,054,822 shares of the stock were exchanged, compared to its average volume of 2,845,703. 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 $10.27 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The stock's 50 day simple moving average is $62.99 and its 200-day simple moving average is $78.76.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. As a group, equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.27%. Skyworks Solutions's payout ratio is presently 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.