Seizert Capital Partners LLC Grows Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Seizert Capital Partners LLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,048 shares of the semiconductor manufacturer’s stock after purchasing an additional 30,580 shares during the quarter. Seizert Capital Partners LLC’s holdings in Skyworks Solutions were worth $33,437,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in 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 worth $452,135,000 after purchasing an additional 267,343 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Skyworks Solutions by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock valued at $408,410,000 after buying an additional 28,009 shares during the period. FMR LLC raised its position in shares of Skyworks Solutions by 7.3% during the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock valued at $265,853,000 after buying an additional 182,130 shares during the period. Wellington Management Group LLP raised its position in shares of Skyworks Solutions by 52.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after buying an additional 775,470 shares during the period. Finally, Barclays PLC raised its position in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after buying an additional 949,407 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction that occurred 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 completion of 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on SWKS shares. Morgan Stanley reduced their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Citigroup lifted their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Finally, Craig Hallum dropped their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $66.02 on Wednesday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average price of $81.17 and a 200 day moving average price of $89.97. The company has a market cap of $10.61 billion, a P/E ratio of 20.25, a PEG ratio of 1.79 and a beta of 1.14. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86.

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

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.24%. Skyworks Solutions’s payout ratio is currently 85.89%.

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.