Flputnam Investment Management Co. Boosts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Flputnam Investment Management Co. increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,414 shares of the semiconductor manufacturer’s stock after acquiring an additional 414 shares during the period. Flputnam Investment Management Co.’s holdings in Skyworks Solutions were worth $214,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in Skyworks Solutions by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer’s stock worth $477,173,000 after acquiring an additional 176,070 shares during the period. Geode Capital Management LLC raised its position in shares of Skyworks Solutions by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock worth $408,410,000 after purchasing an additional 28,009 shares during the last quarter. FMR LLC raised its position in shares of Skyworks Solutions by 7.3% during the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock worth $265,853,000 after purchasing an additional 182,130 shares during the last quarter. Wellington Management Group LLP lifted its stake in Skyworks Solutions by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after buying an additional 775,470 shares in the last quarter. Finally, Barclays PLC boosted its holdings in 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 buying an additional 949,407 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on SWKS shares. 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. Loop Capital initiated coverage on Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Bank of America dropped 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $83.78.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The shares were acquired 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 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 legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $66.02 on Wednesday. The stock has a market cap of $10.61 billion, a PE ratio of 20.25, a P/E/G ratio of 1.79 and a beta of 1.14. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The stock has a fifty day simple moving average of $81.17 and a 200-day simple moving average of $89.97. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

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

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a $0.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.24%. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

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.