Picton Mahoney Asset Management Takes $33,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Picton Mahoney Asset Management purchased a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 378 shares of the semiconductor manufacturer’s stock, valued at approximately $33,000.

Several other institutional investors have also recently made changes to their positions in the company. Alpine Woods Capital Investors LLC boosted its position in Skyworks Solutions by 9.1% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 28,799 shares of the semiconductor manufacturer’s stock valued at $2,554,000 after purchasing an additional 2,406 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in Skyworks Solutions by 32.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 175,343 shares of the semiconductor manufacturer’s stock valued at $15,500,000 after purchasing an additional 43,114 shares in the last quarter. Wealthfront Advisers LLC boosted its position in Skyworks Solutions by 135.2% during the fourth quarter. Wealthfront Advisers LLC now owns 42,398 shares of the semiconductor manufacturer’s stock valued at $3,760,000 after purchasing an additional 24,374 shares in the last quarter. Inspire Advisors LLC boosted its position in Skyworks Solutions by 42.3% during the fourth quarter. Inspire Advisors LLC now owns 14,538 shares of the semiconductor manufacturer’s stock valued at $1,289,000 after purchasing an additional 4,323 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its position in Skyworks Solutions by 37.5% during the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock valued at $499,273,000 after purchasing an additional 1,536,289 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the topic of a number of recent research reports. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus price target of $83.78.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by company insiders.

Skyworks Solutions Stock Up 1.7 %

Shares of SWKS stock opened at $70.58 on Tuesday. The stock has a 50 day moving average of $77.51 and a 200 day moving average of $87.54. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The stock has a market cap of $11.35 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

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.