Adage Capital Partners GP L.L.C. Decreases Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Adage Capital Partners GP L.L.C. reduced its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 53.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 36,250 shares of the semiconductor manufacturer’s stock after selling 41,300 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Skyworks Solutions were worth $3,215,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SWKS. Stephens Inc. AR grew its position in Skyworks Solutions by 9.5% in the fourth quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock worth $380,000 after acquiring an additional 372 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Skyworks Solutions by 126.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock valued at $9,047,000 after purchasing an additional 57,146 shares during the last quarter. Barclays PLC boosted its holdings in shares of Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after purchasing an additional 949,407 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions during the 4th quarter valued at approximately $29,000. Finally, Proficio Capital Partners LLC purchased a new stake in Skyworks Solutions during the 4th quarter valued at $2,509,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $61.60 on Wednesday. The firm has a 50 day moving average of $63.05 and a 200 day moving average of $78.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86.

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

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Analyst Ratings Changes

SWKS has been the topic of a number of analyst reports. B. Riley cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Barclays cut their price target on shares of Skyworks Solutions from $55.00 to $45.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. UBS Group decreased their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday. The Goldman Sachs Group cut 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. Finally, Morgan Stanley dropped their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $80.44.

Insider Activity

In other news, CEO Philip G. Brace bought 10,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 10,000 shares of the company’s stock, valued at approximately $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 link. Company insiders own 0.28% of the company’s stock.

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.