Fuller & Thaler Asset Management Inc. Acquires 3,420 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Fuller & Thaler Asset Management Inc. boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 25.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,646 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,420 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Skyworks Solutions were worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Skyworks Solutions in the fourth quarter valued at $228,646,000. Pzena Investment Management LLC grew its stake in 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 last quarter. Marshall Wace LLP raised its holdings in Skyworks Solutions by 4,364.4% in the 4th quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer’s stock valued at $126,072,000 after acquiring an additional 1,389,803 shares during the period. Barclays PLC lifted its position in Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after acquiring an additional 949,407 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Skyworks Solutions by 114.0% during the fourth quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer’s stock worth $110,697,000 after acquiring an additional 664,874 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Activity

In other news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions 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 transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SWKS has been the topic of a number of research reports. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Citigroup raised their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. The Goldman Sachs Group decreased their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price target for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $82.39.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $61.52 on Friday. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The stock has a market cap of $9.65 billion, a PE ratio of 18.87, a P/E/G ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The business’s 50-day moving average price is $63.27 and its two-hundred day moving average price is $79.47.

Skyworks Solutions (NASDAQ:SWKS) last announced 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, analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued 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 dividend yield of 4.55%. 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.