Rafferty Asset Management LLC Has $126.49 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Rafferty Asset Management LLC lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,426,412 shares of the semiconductor manufacturer’s stock after selling 30,503 shares during the quarter. Rafferty Asset Management LLC owned about 0.89% of Skyworks Solutions worth $126,494,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions in the fourth quarter worth $28,000. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions in the fourth quarter valued at about $29,000. Picton Mahoney Asset Management bought a new stake in shares of Skyworks Solutions in the fourth quarter worth about $33,000. Manchester Capital Management LLC increased its holdings in shares of Skyworks Solutions by 325.2% in the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock worth $49,000 after acquiring an additional 426 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Skyworks Solutions by 53.2% in the fourth quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock worth $56,000 after acquiring an additional 218 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of research reports. Stifel Nicolaus increased their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, May 8th. Bank of America lowered their target price on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. UBS Group lowered their target price on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Finally, Morgan Stanley lowered their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $78.29.

Skyworks Solutions Trading Down 0.5%

Shares of SWKS stock opened at $72.24 on Thursday. The firm has a market capitalization of $10.85 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86. 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’s fifty day simple moving average is $63.29 and its 200 day simple moving average is $76.78.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The firm had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 EPS. As a group, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.88%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions’s payout ratio is presently 109.80%.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.28% of the company’s stock.

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.