Distillate Capital Partners LLC Buys 8,021 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Distillate Capital Partners LLC grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,237 shares of the semiconductor manufacturer’s stock after acquiring an additional 8,021 shares during the period. Distillate Capital Partners LLC owned 0.11% of Skyworks Solutions worth $15,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Skyworks Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer’s stock worth $1,803,915,000 after purchasing an additional 562,783 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock valued at $499,273,000 after buying an additional 1,536,289 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Skyworks Solutions by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer’s stock worth $452,135,000 after acquiring an additional 267,343 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Skyworks Solutions by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer’s stock valued at $372,727,000 after acquiring an additional 63,216 shares during the period. Finally, FIL Ltd lifted its stake in shares of Skyworks Solutions by 0.3% during the fourth quarter. FIL Ltd now owns 3,502,951 shares of the semiconductor manufacturer’s stock valued at $310,642,000 after acquiring an additional 10,664 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of the company’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 acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Piper Sandler cut their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Rosenblatt Securities restated a “neutral” rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. The Goldman Sachs Group lowered their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Trading Up 5.0 %

SWKS opened at $56.54 on Friday. The stock has a market capitalization of $8.87 billion, a P/E ratio of 17.34, a P/E/G ratio of 1.79 and a beta of 1.21. 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, Inc. has a 12 month low of $47.93 and a 12 month high of $120.86. The firm’s fifty day simple moving average is $65.28 and its 200 day simple moving average is $82.08.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

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.