Northern Trust Corp Boosts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Northern Trust Corp boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 15.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,307,248 shares of the semiconductor manufacturer's stock after acquiring an additional 303,783 shares during the quarter. Northern Trust Corp owned 1.44% of Skyworks Solutions worth $204,607,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SWKS. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new position in Skyworks Solutions in the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $33,000. Manchester Capital Management LLC increased its stake in shares of Skyworks Solutions by 325.2% in the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock valued at $49,000 after acquiring an additional 426 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Skyworks Solutions by 53.2% during the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock valued at $56,000 after acquiring an additional 218 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SWKS shares. Mizuho lowered shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Barclays reduced their price objective on Skyworks Solutions from $55.00 to $45.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating and reduced their price target for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Bank of America reduced their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $79.29.

Skyworks Solutions Stock Performance

SWKS traded up $0.83 during trading hours on Friday, hitting $66.06. The stock had a trading volume of 3,674,521 shares, compared to its average volume of 2,825,193. The stock has a market cap of $10.36 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. 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. The company's fifty day simple moving average is $62.96 and its 200 day simple moving average is $78.02.

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

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Monday, February 24th. Skyworks Solutions's payout ratio is 85.89%.

Insider Activity

In other news, CEO Philip G. Brace purchased 10,000 shares of the business's stock in a transaction 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 acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by company 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.