Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 727.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,176 shares of the semiconductor manufacturer’s stock after acquiring an additional 37,077 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Skyworks Solutions were worth $3,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SWKS. Vanguard Group Inc. increased its stake in Skyworks Solutions by 2.8% during the 4th 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 in the last quarter. Pzena Investment Management LLC grew its holdings in shares of 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 buying an additional 1,536,289 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position 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 acquiring an additional 267,343 shares during the period. Geode Capital Management LLC raised its stake in Skyworks Solutions by 1.5% in 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 during the last quarter. Finally, FIL Ltd lifted its position in Skyworks Solutions by 0.3% during the 4th quarter. FIL Ltd now owns 3,502,951 shares of the semiconductor manufacturer’s stock worth $310,642,000 after acquiring an additional 10,664 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now 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 filing with the SEC, which is available through the SEC website. Company insiders own 0.28% of the company’s stock.

Skyworks Solutions Stock Performance

SWKS opened at $55.98 on Monday. The firm’s fifty day simple moving average is $63.97 and its two-hundred day simple moving average is $80.53. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $120.86. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.79 and a beta of 1.21. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) 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%. Equities 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 announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SWKS shares. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Citigroup increased their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. The Goldman Sachs Group cut their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.78.

About Skyworks Solutions

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.