Barrow Hanley Mewhinney & Strauss LLC Has $6.18 Million Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.0% in the fourth quarter, Holdings Channel reports. The institutional investor 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SWKS. Norges Bank acquired a new position in Skyworks Solutions during the fourth quarter valued at approximately $228,646,000. Pzena Investment Management LLC raised its position in Skyworks Solutions by 37.5% during the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock valued at $499,273,000 after purchasing an additional 1,536,289 shares in the last quarter. Marshall Wace LLP raised its position in Skyworks Solutions by 4,364.4% during the fourth quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer’s stock valued at $126,072,000 after purchasing an additional 1,389,803 shares in the last quarter. Vulcan Value Partners LLC raised its position in Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer’s stock valued at $469,162,000 after purchasing an additional 1,194,782 shares in the last quarter. Finally, Barclays PLC raised its position in Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on SWKS. JPMorgan Chase & Co. lowered their price objective on shares of Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Stifel Nicolaus boosted their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, May 8th. Bank of America lowered their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research report on Thursday, February 6th. Piper Sandler lowered their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $78.29.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $69.39 on Friday. 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 stock has a market cap of $10.42 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.79 and a beta of 1.18. The company’s fifty day moving average is $63.62 and its 200 day moving average is $75.86. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The business had revenue of $953.20 million for the quarter, compared to analysts’ expectations of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 earnings per share. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 4.04%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 109.80%.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

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.