Wealthfront Advisers LLC Grows Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Wealthfront Advisers LLC increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 135.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 42,398 shares of the semiconductor manufacturer’s stock after acquiring an additional 24,374 shares during the period. Wealthfront Advisers LLC’s holdings in Skyworks Solutions were worth $3,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Inspire Advisors LLC boosted its stake in shares of Skyworks Solutions by 42.3% during the 4th quarter. Inspire Advisors LLC now owns 14,538 shares of the semiconductor manufacturer’s stock worth $1,289,000 after purchasing an additional 4,323 shares during the period. Pzena Investment Management LLC lifted its stake in Skyworks Solutions by 37.5% in the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock worth $499,273,000 after purchasing an additional 1,536,289 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Skyworks Solutions by 74.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,259 shares of the semiconductor manufacturer’s stock worth $7,649,000 after purchasing an additional 36,781 shares during the last quarter. AlphaQuest LLC boosted its position in shares of Skyworks Solutions by 246.4% during the fourth quarter. AlphaQuest LLC now owns 1,434 shares of the semiconductor manufacturer’s stock valued at $127,000 after buying an additional 1,020 shares during the period. Finally, Amundi grew its stake in shares of Skyworks Solutions by 50.7% during the fourth quarter. Amundi now owns 1,265,245 shares of the semiconductor manufacturer’s stock valued at $115,283,000 after buying an additional 425,841 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SWKS shares. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. The Goldman Sachs Group cut 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. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Barclays lowered their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Price Performance

SWKS opened at $67.19 on Friday. The firm has a market capitalization of $10.80 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The business’s 50-day moving average is $78.73 and its two-hundred day moving average is $88.49. 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.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly 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%. Research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is presently 85.89%.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.35% of the company’s stock.

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.