Jacobs Levy Equity Management Inc. Increases Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Jacobs Levy Equity Management Inc. increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,230 shares of the semiconductor manufacturer’s stock after purchasing an additional 766 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Skyworks Solutions were worth $730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Resonant Capital Advisors LLC grew its position in shares of Skyworks Solutions by 5.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock valued at $267,000 after purchasing an additional 143 shares during the period. Savant Capital LLC grew its position in shares of Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock valued at $271,000 after purchasing an additional 144 shares during the period. Legacy Financial Advisors Inc. grew its position in shares of Skyworks Solutions by 2.5% in the fourth quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer’s stock valued at $566,000 after purchasing an additional 156 shares during the period. Motley Fool Asset Management LLC boosted its holdings in Skyworks Solutions by 7.5% in the fourth quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer’s stock valued at $209,000 after acquiring an additional 165 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in Skyworks Solutions by 7.5% in the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer’s stock valued at $213,000 after acquiring an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $105.00 to $62.00 in a report on Thursday, February 6th. 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 report on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, May 8th. UBS Group reduced their target price on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Finally, Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $78.29.

Skyworks Solutions Trading Up 1.4%

NASDAQ:SWKS opened at $73.32 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The business’s 50-day simple moving average is $63.39 and its 200 day simple moving average is $76.35. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The business had revenue of $953.20 million for the quarter, compared to analysts’ expectations of $951.50 million. During the same quarter in the previous year, the firm posted $1.55 earnings per share. The company’s revenue was down 8.9% compared to the same quarter last year. As a group, 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions’s dividend payout ratio (DPR) is 109.80%.

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.