Wellington Management Group LLP Purchases 497,575 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Wellington Management Group LLP increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 21.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,765,410 shares of the semiconductor manufacturer’s stock after purchasing an additional 497,575 shares during the period. Wellington Management Group LLP owned 1.72% of Skyworks Solutions worth $245,237,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Clearbridge Investments LLC boosted its stake in shares of Skyworks Solutions by 37.8% during the 4th quarter. Clearbridge Investments LLC now owns 890,659 shares of the semiconductor manufacturer’s stock worth $78,984,000 after acquiring an additional 244,368 shares during the period. Schroder Investment Management Group raised its position in shares of Skyworks Solutions by 25.4% in the fourth quarter. Schroder Investment Management Group now owns 733,928 shares of the semiconductor manufacturer’s stock valued at $64,894,000 after purchasing an additional 148,494 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Skyworks Solutions during the fourth quarter worth approximately $1,073,000. Allstate Corp bought a new stake in shares of Skyworks Solutions during the fourth quarter worth approximately $410,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of Skyworks Solutions by 11.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 3,662 shares of the semiconductor manufacturer’s stock valued at $325,000 after purchasing an additional 381 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SWKS. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Morgan Stanley lowered their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

SWKS stock opened at $64.62 on Wednesday. The firm has a market cap of $10.39 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $72.04 and a 200-day moving average price of $84.82. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its 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%. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.33%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Insiders Place Their Bets

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. Corporate insiders own 0.34% 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.