4,672 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Acquired by Trexquant Investment LP

Trexquant Investment LP bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,672 shares of the semiconductor manufacturer’s stock, valued at approximately $414,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Skyworks Solutions by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer’s stock valued at $1,803,915,000 after acquiring an additional 562,783 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Skyworks Solutions by 37.5% during the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock valued at $499,273,000 after purchasing an additional 1,536,289 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Skyworks Solutions by 5.5% in the 4th 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 during the period. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 63,216 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Skyworks Solutions by 21.9% during the fourth quarter. Wellington Management Group LLP now owns 2,765,410 shares of the semiconductor manufacturer’s stock valued at $245,237,000 after buying an additional 497,575 shares during the period. 85.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 cost of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SWKS shares. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Barclays cut their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Morgan Stanley decreased their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Rosenblatt Securities reiterated a “neutral” rating and set a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Three investment 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 data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock opened at $56.54 on Friday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $120.86. The stock has a 50 day moving average of $65.28 and a 200 day moving average of $82.08. The firm has a market cap of $8.87 billion, a PE ratio of 17.34, a PEG ratio of 1.79 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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, research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors 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 4.95%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

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.