Rhumbline Advisers Boosts Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Rhumbline Advisers raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 279,879 shares of the semiconductor manufacturer’s stock after buying an additional 4,600 shares during the period. Rhumbline Advisers’ holdings in Skyworks Solutions were worth $43,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Vulcan Value Partners LLC raised its holdings in shares of Skyworks Solutions by 8.7% in the 3rd quarter. Vulcan Value Partners LLC now owns 4,150,314 shares of the semiconductor manufacturer’s stock worth $683,889,000 after purchasing an additional 333,007 shares during the period. Geode Capital Management LLC increased its position in Skyworks Solutions by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,044,791 shares of the semiconductor manufacturer’s stock worth $500,435,000 after buying an additional 14,775 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Skyworks Solutions by 23.1% in the fourth quarter. Lazard Asset Management LLC now owns 2,671,151 shares of the semiconductor manufacturer’s stock valued at $414,401,000 after buying an additional 501,084 shares during the period. First Trust Advisors LP lifted its position in shares of Skyworks Solutions by 23.2% during the 4th quarter. First Trust Advisors LP now owns 2,037,527 shares of the semiconductor manufacturer’s stock valued at $316,102,000 after buying an additional 383,342 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Skyworks Solutions by 49.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,962,046 shares of the semiconductor manufacturer’s stock worth $323,307,000 after acquiring an additional 651,281 shares during the period. 72.09% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Liam Griffin sold 10,000 shares of the stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $140.00, for a total transaction of $1,400,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently issued reports on SWKS shares. Mizuho lowered their price objective on Skyworks Solutions from $175.00 to $170.00 in a research note on Wednesday, May 4th. Cowen lowered their price target on shares of Skyworks Solutions from $175.00 to $160.00 in a research report on Wednesday, May 4th. Susquehanna cut their price objective on shares of Skyworks Solutions from $160.00 to $135.00 in a report on Wednesday, May 4th. KeyCorp lowered their target price on shares of Skyworks Solutions from $225.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, April 12th. Finally, Bank of America dropped their target price on Skyworks Solutions from $180.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, February 4th. Fourteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average target price of $171.78.

Shares of SWKS opened at $101.99 on Tuesday. Skyworks Solutions, Inc. has a 1-year low of $97.59 and a 1-year high of $197.62. The company has a market capitalization of $16.41 billion, a P/E ratio of 12.39, a P/E/G ratio of 0.82 and a beta of 1.13. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.98 and a quick ratio of 2.65. The firm’s 50 day simple moving average is $122.17 and its 200 day simple moving average is $140.59.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The semiconductor manufacturer reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.06. Skyworks Solutions had a net margin of 25.98% and a return on equity of 30.60%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company posted $2.03 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post 9.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 14th. Shareholders of record on Tuesday, May 24th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.20%. The ex-dividend date is Monday, May 23rd. Skyworks Solutions’s dividend payout ratio (DPR) is currently 27.22%.

Skyworks Solutions Profile (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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