Assetmark Inc. Boosts Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Assetmark Inc. lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,721 shares of the semiconductor manufacturer’s stock after buying an additional 1,848 shares during the quarter. Assetmark Inc.’s holdings in Skyworks Solutions were worth $18,332,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SWKS. National Pension Service grew its holdings in shares of Skyworks Solutions by 1.0% during the third quarter. National Pension Service now owns 371,614 shares of the semiconductor manufacturer’s stock worth $36,704,000 after buying an additional 3,628 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Skyworks Solutions by 1.3% in the third quarter. QRG Capital Management Inc. now owns 21,976 shares of the semiconductor manufacturer’s stock valued at $2,171,000 after purchasing an additional 280 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Skyworks Solutions in the third quarter valued at approximately $49,000. Principal Financial Group Inc. grew its stake in Skyworks Solutions by 3.2% during the third quarter. Principal Financial Group Inc. now owns 200,873 shares of the semiconductor manufacturer’s stock worth $19,840,000 after buying an additional 6,302 shares during the period. Finally, Olympiad Research LP grew its stake in Skyworks Solutions by 48.8% during the third quarter. Olympiad Research LP now owns 8,063 shares of the semiconductor manufacturer’s stock worth $796,000 after buying an additional 2,643 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Down 0.7 %

Shares of NASDAQ:SWKS opened at $66.93 on Friday. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The company’s fifty day moving average is $80.71 and its two-hundred day moving average is $89.81. 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 (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.18%. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

Insiders Place Their Bets

In other news, CEO Philip G. Brace acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired 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 directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SWKS. Bank of America decreased their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research note on Thursday, February 6th. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Rosenblatt Securities restated a “neutral” rating and issued a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Stifel Nicolaus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Citigroup upped their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $83.78.

Skyworks Solutions 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.