CX Institutional Has $329,000 Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

CX Institutional boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 16.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,709 shares of the semiconductor manufacturer’s stock after buying an additional 522 shares during the period. CX Institutional’s holdings in Skyworks Solutions were worth $329,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in Skyworks Solutions by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer’s stock worth $477,173,000 after buying an additional 176,070 shares during the period. Geode Capital Management LLC grew its stake in shares of Skyworks Solutions by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock worth $408,410,000 after acquiring an additional 28,009 shares in the last quarter. FMR LLC grew its stake in shares of Skyworks Solutions by 7.3% during the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock worth $265,853,000 after acquiring an additional 182,130 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Skyworks Solutions by 52.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock worth $223,994,000 after acquiring an additional 775,470 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after acquiring an additional 949,407 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Down 1.4 %

SWKS opened at $91.20 on Monday. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The company has a market capitalization of $14.58 billion, a P/E ratio of 24.65, a P/E/G ratio of 2.03 and a beta of 1.15. The stock has a fifty day moving average of $89.31 and a 200-day moving average of $97.11.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company’s revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 earnings per share. On average, equities analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SWKS. Loop Capital began coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 target price for the company. Craig Hallum decreased their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Susquehanna decreased their target price 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. Finally, Morgan Stanley decreased their target price on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $101.12.

Insider Activity at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares of the company’s stock, valued at $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by insiders.

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.