Tower Research Capital LLC TRC Grows Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Tower Research Capital LLC TRC boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 727.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,176 shares of the semiconductor manufacturer’s stock after acquiring an additional 37,077 shares during the period. Tower Research Capital LLC TRC’s holdings in Skyworks Solutions were worth $3,740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SWKS. Transce3nd LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $100,000. MetLife Investment Management LLC raised its holdings in Skyworks Solutions by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 42,286 shares of the semiconductor manufacturer’s stock valued at $3,750,000 after buying an additional 743 shares during the period. Natixis lifted its position in Skyworks Solutions by 340.6% in the fourth quarter. Natixis now owns 22,573 shares of the semiconductor manufacturer’s stock valued at $2,002,000 after buying an additional 17,450 shares during the last quarter. Norinchukin Bank The boosted its stake in Skyworks Solutions by 7.3% during the fourth quarter. Norinchukin Bank The now owns 6,945 shares of the semiconductor manufacturer’s stock worth $616,000 after buying an additional 471 shares during the period. Finally, Ossiam increased its position in shares of Skyworks Solutions by 1,862.2% during the fourth quarter. Ossiam now owns 211,076 shares of the semiconductor manufacturer’s stock valued at $18,718,000 after acquiring an additional 200,319 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on SWKS shares. Stifel Nicolaus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Barclays cut their price objective on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group lowered their target price on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Finally, Bank of America cut their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.78.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Skyworks Solutions Trading Up 0.2 %

SWKS opened at $55.98 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The company has a market cap of $8.78 billion, a P/E ratio of 17.17, a PEG ratio of 1.79 and a beta of 1.21. The business’s 50-day simple moving average is $63.97 and its 200-day simple moving average is $80.53.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly 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 net margin of 13.02% and a return on equity of 12.60%. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 5.00%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Skyworks Solutions Company 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.