Barrow Hanley Mewhinney & Strauss LLC Reduces Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.0% during the fourth quarter, HoldingsChannel reports. The firm owned 69,715 shares of the semiconductor manufacturer’s stock after selling 3,646 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Skyworks Solutions were worth $6,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Schroder Investment Management Group lifted its position in Skyworks Solutions by 25.4% during the fourth 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 acquired a new stake in shares of Skyworks Solutions in the 4th quarter worth $1,073,000. Allstate Corp purchased a new position in shares of Skyworks Solutions during the 4th quarter worth $410,000. Brown Brothers Harriman & Co. boosted its position in shares of 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 acquiring an additional 381 shares during the last quarter. Finally, DnB Asset Management AS grew its holdings in shares of Skyworks Solutions by 31.1% in the fourth quarter. DnB Asset Management AS now owns 854,234 shares of the semiconductor manufacturer’s stock valued at $75,753,000 after purchasing an additional 202,577 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on SWKS shares. Barclays decreased their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. The Goldman Sachs Group cut their target price on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Citigroup upped their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Finally, Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $83.78.

Insider Buying and Selling

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, with a total value of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $64.12 on Monday. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86. The company has a fifty day simple moving average of $73.20 and a two-hundred day simple moving average of $85.34. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last issued 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 return on equity of 12.60% and a net margin of 13.02%. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.37%. Skyworks Solutions’s payout ratio is 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.