Arrowstreet Capital Limited Partnership Invests $1.07 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Arrowstreet Capital Limited Partnership bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,101 shares of the semiconductor manufacturer’s stock, valued at approximately $1,073,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp boosted its holdings in shares of Skyworks Solutions by 6.7% during the third quarter. Stifel Financial Corp now owns 82,531 shares of the semiconductor manufacturer’s stock worth $8,153,000 after purchasing an additional 5,190 shares during the period. MML Investors Services LLC boosted its position in Skyworks Solutions by 0.9% in the third quarter. MML Investors Services LLC now owns 21,156 shares of the semiconductor manufacturer’s stock worth $2,090,000 after purchasing an additional 196 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Skyworks Solutions by 5.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 72,403 shares of the semiconductor manufacturer’s stock worth $7,151,000 after purchasing an additional 4,019 shares in the last quarter. Barclays PLC raised its stake in Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after acquiring an additional 949,407 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Skyworks Solutions by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock worth $408,410,000 after buying an additional 28,009 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Piper Sandler dropped their price objective on shares of Skyworks Solutions from $85.00 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 shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group cut their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, 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 note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Trading Up 5.0 %

NASDAQ SWKS opened at $56.54 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The company has a 50-day simple moving average of $65.28 and a 200-day simple moving average of $82.08. The firm has a market capitalization of $8.87 billion, a PE ratio of 17.34, a price-to-earnings-growth 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.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data 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%. On average, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given 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 4.95%. Skyworks Solutions’s payout ratio is currently 85.89%.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by corporate 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.