Clearbridge Investments LLC Raises Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Clearbridge Investments LLC lifted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 37.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 890,659 shares of the semiconductor manufacturer’s stock after purchasing an additional 244,368 shares during the quarter. Clearbridge Investments LLC’s holdings in Skyworks Solutions were worth $78,984,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Schroder Investment Management Group increased its stake in Skyworks Solutions by 25.4% in the 4th quarter. Schroder Investment Management Group now owns 733,928 shares of the semiconductor manufacturer’s stock worth $64,894,000 after buying an additional 148,494 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Skyworks Solutions in the fourth quarter worth about $1,073,000. Allstate Corp purchased a new stake in shares of Skyworks Solutions during the fourth quarter worth about $410,000. Brown Brothers Harriman & Co. raised its stake in Skyworks Solutions by 11.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 3,662 shares of the semiconductor manufacturer’s stock valued at $325,000 after purchasing an additional 381 shares during the period. Finally, DnB Asset Management AS lifted its holdings in Skyworks Solutions by 31.1% in the 4th quarter. DnB Asset Management AS now owns 854,234 shares of the semiconductor manufacturer’s stock worth $75,753,000 after purchasing an additional 202,577 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Philip G. Brace acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SWKS. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. The Goldman Sachs Group reduced their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price target for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Citigroup raised their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Finally, Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Trading Up 0.8 %

SWKS opened at $64.63 on Tuesday. 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 stock’s 50 day moving average price is $72.62 and its 200-day moving average price is $85.09. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.79 and a beta of 1.18.

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 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%. On average, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.33%. Skyworks Solutions’s dividend payout ratio (DPR) 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.