Franklin Resources Inc. Buys 44,660 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Franklin Resources Inc. grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,978 shares of the semiconductor manufacturer’s stock after buying an additional 44,660 shares during the period. Franklin Resources Inc. owned approximately 0.12% of Skyworks Solutions worth $17,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SWKS. Resources Management Corp CT ADV boosted its stake in Skyworks Solutions by 3.4% during the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after acquiring an additional 142 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in Skyworks Solutions by 5.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after purchasing an additional 143 shares during the period. Savant Capital LLC boosted its position in shares of Skyworks Solutions by 5.0% during the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock worth $271,000 after purchasing an additional 144 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Skyworks Solutions by 7.5% in the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer’s stock valued at $213,000 after buying an additional 167 shares during the period. Finally, Guardian Wealth Management Inc. increased its position in shares of Skyworks Solutions by 1.7% in the 3rd quarter. Guardian Wealth Management Inc. now owns 10,228 shares of the semiconductor manufacturer’s stock valued at $1,010,000 after buying an additional 171 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 1.1 %

Skyworks Solutions stock opened at $53.38 on Tuesday. Skyworks Solutions, Inc. has a fifty-two week low of $49.80 and a fifty-two week high of $120.86. The firm has a market capitalization of $8.37 billion, a PE ratio of 16.37, a P/E/G ratio of 1.79 and a beta of 1.21. The company’s 50-day moving average is $69.28 and its 200-day moving average is $83.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (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%. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.25%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SWKS. Citigroup lifted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. B. Riley cut Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Bank of America cut their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three equities research 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, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $83.78.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is owned by corporate insiders.

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.