Cooper Creek Partners Management LLC Invests $15 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cooper Creek Partners Management LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 169,186 shares of the semiconductor manufacturer’s stock, valued at approximately $15,003,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SWKS. Vanguard Group Inc. raised its position in Skyworks Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer’s stock valued at $1,803,915,000 after purchasing an additional 562,783 shares during the period. Pzena Investment Management LLC raised its holdings in shares of Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock valued at $499,273,000 after buying an additional 1,536,289 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Skyworks Solutions by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer’s stock valued at $452,135,000 after buying an additional 267,343 shares during the period. Geode Capital Management LLC lifted its stake in Skyworks Solutions by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer’s stock worth $372,727,000 after acquiring an additional 63,216 shares in the last quarter. Finally, FIL Ltd boosted its holdings in Skyworks Solutions by 0.3% during the 4th quarter. FIL Ltd now owns 3,502,951 shares of the semiconductor manufacturer’s stock valued at $310,642,000 after acquiring an additional 10,664 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SWKS shares. Barclays cut their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Morgan Stanley dropped their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $56.54 on Friday. The company has a fifty day moving average of $65.28 and a two-hundred day moving average of $82.08. The company has a market capitalization of $8.87 billion, a PE ratio of 17.34, a P/E/G ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a 1 year low of $47.93 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 announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) 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%. As a group, analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.70 per share. 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 4.95%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Insider Activity

In related news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.

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.