Advisors Asset Management Inc. Buys 21,860 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Advisors Asset Management Inc. increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 93.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 45,143 shares of the semiconductor manufacturer’s stock after acquiring an additional 21,860 shares during the period. Advisors Asset Management Inc.’s holdings in Skyworks Solutions were worth $4,003,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Erste Asset Management GmbH bought a new position in Skyworks Solutions in the 3rd quarter valued at $27,000. Golden State Wealth Management LLC bought a new position in Skyworks Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions in the 4th quarter valued at $29,000. Picton Mahoney Asset Management bought a new position in Skyworks Solutions in the 4th quarter valued at $33,000. Finally, Investors Research Corp raised its position in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Citigroup lifted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Barclays dropped their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Morgan Stanley dropped their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, Benchmark restated 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, twenty have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.78.

Insider Buying and Selling at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Down 2.4 %

NASDAQ:SWKS opened at $68.39 on Friday. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. 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 market cap of $10.99 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.79 and a beta of 1.18. The stock has a 50-day moving average price of $76.14 and a two-hundred day moving average price of $87.02.

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

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.09%. Skyworks Solutions’s payout ratio is 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.