Sei Investments Co. Increases Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Sei Investments Co. grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 29.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,521 shares of the semiconductor manufacturer’s stock after buying an additional 50,055 shares during the period. Sei Investments Co. owned approximately 0.14% of Skyworks Solutions worth $19,377,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SWKS. Quest Partners LLC bought a new position in Skyworks Solutions in the third quarter valued at $41,000. Cerity Partners LLC boosted its holdings 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 purchasing an additional 954 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Skyworks Solutions by 9.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 21,953 shares of the semiconductor manufacturer’s stock valued at $2,168,000 after purchasing an additional 1,916 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Skyworks Solutions during the 3rd quarter valued at about $866,000. Finally, Private Trust Co. NA lifted its position in Skyworks Solutions by 18.4% in the 3rd quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer’s stock worth $93,000 after buying an additional 146 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SWKS has been the topic of several research reports. Rosenblatt Securities reissued a “neutral” rating and set a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Stifel Nicolaus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price target for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, Barclays dropped their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $83.78.

Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Down 1.9 %

NASDAQ SWKS opened at $66.30 on Friday. The firm has a market capitalization of $10.66 billion, a PE ratio of 20.34, a P/E/G ratio of 1.79 and a beta of 1.18. The stock’s 50 day moving average is $73.79 and its 200 day moving average is $85.80. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. 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 announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 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%. Research analysts forecast 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. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.22%. 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.