Sei Investments Co. Purchases 50,055 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Sei Investments Co. increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 29.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 218,521 shares of the semiconductor manufacturer’s stock after purchasing an additional 50,055 shares during the period. Sei Investments Co.’s holdings in Skyworks Solutions were worth $19,377,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions during the third quarter valued at $27,000. Golden State Wealth Management LLC bought a new position in Skyworks Solutions during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Skyworks Solutions during the 4th quarter valued at about $29,000. Picton Mahoney Asset Management bought a new stake in shares of Skyworks Solutions in the fourth quarter worth approximately $33,000. Finally, Quest Partners LLC purchased a new position in shares of Skyworks Solutions during the third quarter valued at approximately $41,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $66.30 on Friday. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 1.79 and a beta of 1.18. The firm has a fifty day moving average price of $73.79 and a 200 day moving average price of $85.80. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Analysts Set New Price Targets

SWKS has been the topic of several research reports. Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Citigroup lifted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Rosenblatt Securities reissued a “neutral” rating and issued a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Bank of America cut their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research note on Thursday, February 6th. Finally, B. Riley cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $83.78.

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.