Flputnam Investment Management Co. Acquires 414 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Flputnam Investment Management Co. increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,414 shares of the semiconductor manufacturer’s stock after buying an additional 414 shares during the period. Flputnam Investment Management Co.’s holdings in Skyworks Solutions were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SWKS. Empirical Finance LLC increased its holdings in shares of Skyworks Solutions by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock valued at $551,000 after acquiring an additional 121 shares during the period. Arvest Investments Inc. boosted its position in Skyworks Solutions by 1.1% during the third quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock valued at $1,257,000 after purchasing an additional 133 shares in the last quarter. Resources Management Corp CT ADV grew its stake in Skyworks Solutions by 3.4% in the third quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock valued at $427,000 after purchasing an additional 142 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in Skyworks Solutions by 5.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after purchasing an additional 143 shares in the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of Skyworks Solutions by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock valued at $271,000 after buying an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Activity

In other news, CEO Philip G. Brace purchased 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, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Up 0.7 %

NASDAQ SWKS opened at $66.02 on Wednesday. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The company has a market capitalization of $10.61 billion, a PE ratio of 20.25, a P/E/G ratio of 1.79 and a beta of 1.14. The company has a fifty day moving average of $81.17 and a 200 day moving average of $89.97.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (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%. Research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.24%. Skyworks Solutions’s payout ratio is 85.89%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SWKS shares. Susquehanna reduced their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Craig Hallum reduced their price target on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. B. Riley cut 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 report on Thursday, February 6th. Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, Barclays decreased their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $83.78.

Skyworks Solutions 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.