Barrow Hanley Mewhinney & Strauss LLC Sells 3,646 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,715 shares of the semiconductor manufacturer’s stock after selling 3,646 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Skyworks Solutions were worth $6,182,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Erste Asset Management GmbH bought a new stake in Skyworks Solutions during the third quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions during the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions during the 4th quarter valued at $29,000. Picton Mahoney Asset Management bought a new stake in Skyworks Solutions in the fourth quarter worth $33,000. Finally, Quest Partners LLC purchased a new position in Skyworks Solutions during the third quarter worth $41,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on SWKS. Bank of America lowered their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday, February 6th. B. Riley lowered 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 research report on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, The Goldman Sachs Group reduced their target price on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $83.78.

Insider Activity

In related news, CEO Philip G. Brace purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $64.12 on Monday. 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, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86. The stock’s 50-day moving average price is $73.20 and its 200-day moving average price is $85.34. The stock has a market capitalization of $10.31 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. As a group, equities analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.37%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Skyworks Solutions Company 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.