Pzena Investment Management LLC Grows Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Pzena Investment Management LLC lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 37.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,630,049 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,536,289 shares during the period. Skyworks Solutions comprises about 1.7% of Pzena Investment Management LLC’s holdings, making the stock its 24th largest holding. Pzena Investment Management LLC owned about 3.50% of Skyworks Solutions worth $499,273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Skyworks Solutions by 74.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,259 shares of the semiconductor manufacturer’s stock valued at $7,649,000 after purchasing an additional 36,781 shares during the period. AlphaQuest LLC boosted its holdings in Skyworks Solutions by 246.4% in the fourth quarter. AlphaQuest LLC now owns 1,434 shares of the semiconductor manufacturer’s stock valued at $127,000 after purchasing an additional 1,020 shares during the period. Amundi boosted its holdings in Skyworks Solutions by 50.7% in the fourth quarter. Amundi now owns 1,265,245 shares of the semiconductor manufacturer’s stock valued at $115,283,000 after purchasing an additional 425,841 shares during the period. Aviance Capital Partners LLC boosted its holdings in Skyworks Solutions by 6.6% in the fourth quarter. Aviance Capital Partners LLC now owns 29,920 shares of the semiconductor manufacturer’s stock valued at $2,653,000 after purchasing an additional 1,864 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in Skyworks Solutions in the fourth quarter valued at $3,631,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the stock in a transaction on 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 acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SWKS shares. The Goldman Sachs Group cut their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Loop Capital started coverage on Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 price target on the stock. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $72.05 on Tuesday. The stock has a market capitalization of $11.58 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The stock’s 50-day moving average price is $79.56 and its 200 day moving average price is $88.92. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) 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.