Brown Brothers Harriman & Co. Has $325,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Brown Brothers Harriman & Co. increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,662 shares of the semiconductor manufacturer’s stock after buying an additional 381 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Skyworks Solutions were worth $325,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Erste Asset Management GmbH acquired a new stake in shares of Skyworks Solutions during the 3rd quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions in the 4th quarter valued at $29,000. Picton Mahoney Asset Management acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $33,000. Finally, Manchester Capital Management LLC lifted its holdings in shares of Skyworks Solutions by 325.2% during the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock worth $49,000 after acquiring an additional 426 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 0.8 %

NASDAQ SWKS opened at $64.63 on Tuesday. The stock has a market capitalization of $10.39 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The stock has a fifty day moving average of $72.62 and a 200-day moving average of $85.09.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data 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%. On average, equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.33%. Skyworks Solutions’s payout ratio is presently 85.89%.

Insiders Place Their Bets

In related news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. B. Riley downgraded Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their target price for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. The Goldman Sachs Group reduced their target price 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, Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions has an average 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.