Headlands Technologies LLC Purchases Shares of 3,727 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Headlands Technologies LLC purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,727 shares of the semiconductor manufacturer’s stock, valued at approximately $331,000.

A number of other large investors have also recently made changes to their positions in SWKS. Townsquare Capital LLC acquired a new position in shares of Skyworks Solutions in the third quarter valued at about $202,000. Public Sector Pension Investment Board increased its holdings in Skyworks Solutions by 11.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,848 shares of the semiconductor manufacturer’s stock worth $676,000 after buying an additional 700 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Skyworks Solutions by 23.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 26,783 shares of the semiconductor manufacturer’s stock worth $2,646,000 after buying an additional 5,036 shares during the period. Erste Asset Management GmbH acquired a new stake in Skyworks Solutions during the 3rd quarter valued at approximately $27,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Skyworks Solutions in the 3rd quarter valued at $1,996,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Trading Down 7.0 %

Shares of SWKS stock opened at $52.78 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $52.04 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The stock’s fifty day moving average is $70.01 and its two-hundred day moving average is $84.18. The firm has a market capitalization of $8.48 billion, a P/E ratio of 16.19, a PEG ratio of 1.79 and a beta of 1.18.

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

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.31%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Insider Activity at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of 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 lowered Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Rosenblatt Securities restated a “neutral” rating and issued a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, B. Riley cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $83.78.

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.