Clearbridge Investments LLC Boosts Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Clearbridge Investments LLC lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 37.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 890,659 shares of the semiconductor manufacturer’s stock after buying an additional 244,368 shares during the quarter. Clearbridge Investments LLC owned about 0.55% of Skyworks Solutions worth $78,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SWKS. Cerity Partners LLC raised its position in shares of Skyworks Solutions by 3.8% in the 3rd quarter. Cerity Partners LLC now owns 25,817 shares of the semiconductor manufacturer’s stock worth $2,550,000 after acquiring an additional 954 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Skyworks Solutions by 3.1% in the third quarter. The Manufacturers Life Insurance Company now owns 151,495 shares of the semiconductor manufacturer’s stock worth $14,963,000 after purchasing an additional 4,527 shares in the last quarter. FMR LLC raised its holdings in Skyworks Solutions by 7.3% in the third quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock worth $265,853,000 after purchasing an additional 182,130 shares in the last quarter. Townsquare Capital LLC bought a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $202,000. Finally, Public Sector Pension Investment Board grew its position in shares of Skyworks Solutions by 11.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,848 shares of the semiconductor manufacturer’s stock worth $676,000 after buying an additional 700 shares during the period. 85.43% of the stock is owned by institutional investors.

Insider Buying and Selling 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 purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $64.63 on Tuesday. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 1-year low of $62.01 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. The business’s fifty day moving average price is $72.62 and its 200-day moving average price is $85.09.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. On average, equities analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.33%. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SWKS. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Piper Sandler dropped their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Barclays cut their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Finally, The Goldman Sachs Group lowered their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.78.

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.