Macquarie Group Ltd. boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Rating) by 2.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,001 shares of the semiconductor manufacturer's stock after purchasing an additional 306 shares during the period. Macquarie Group Ltd.'s holdings in Skyworks Solutions were worth $1,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SWKS. Victory Capital Management Inc. grew its position in Skyworks Solutions by 245.3% during the third quarter. Victory Capital Management Inc. now owns 2,378,800 shares of the semiconductor manufacturer's stock valued at $202,841,000 after purchasing an additional 1,689,850 shares in the last quarter. Woodline Partners LP purchased a new position in Skyworks Solutions during the second quarter valued at approximately $88,532,000. London Co. of Virginia lifted its stake in Skyworks Solutions by 57.7% in the second quarter. London Co. of Virginia now owns 1,788,067 shares of the semiconductor manufacturer's stock valued at $165,647,000 after acquiring an additional 654,164 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Skyworks Solutions by 697.0% in the third quarter. Assenagon Asset Management S.A. now owns 458,134 shares of the semiconductor manufacturer's stock valued at $39,065,000 after acquiring an additional 400,655 shares during the last quarter. Finally, Bank of Nova Scotia lifted its stake in Skyworks Solutions by 691.1% in the second quarter. Bank of Nova Scotia now owns 355,595 shares of the semiconductor manufacturer's stock valued at $32,943,000 after acquiring an additional 310,646 shares during the last quarter. 75.37% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Trading Down 1.8 %

SWKS opened at $111.29 on Friday. The company has a current ratio of 2.79, a quick ratio of 1.75 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $17.69 billion, a PE ratio of 15.18, a PEG ratio of 0.92 and a beta of 1.29. Skyworks Solutions, Inc. has a 1-year low of $76.16 and a 1-year high of $141.26. The firm has a 50-day moving average price of $109.14 and a two-hundred day moving average price of $98.16.

Skyworks Solutions (NASDAQ:SWKS – Get Rating) last issued its earnings results on Monday, February 6th. The semiconductor manufacturer reported $2.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.59. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. Skyworks Solutions had a net margin of 22.33% and a return on equity of 28.65%. The company's revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.90 EPS. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 8.22 earnings per share for the current fiscal year.

Skyworks Solutions announced that its board has initiated a share buyback plan on Monday, February 6th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to purchase up to 11.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Investors of record on Tuesday, February 28th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Monday, February 27th. Skyworks Solutions's payout ratio is 33.83%.

Insider Buying and Selling

In related news, SVP Karilee A. Durham sold 2,716 shares of Skyworks Solutions stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $110.00, for a total transaction of $298,760.00. Following the transaction, the senior vice president now owns 13,428 shares of the company's stock, valued at approximately $1,477,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Karilee A. Durham sold 2,716 shares of Skyworks Solutions stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $110.00, for a total transaction of $298,760.00. Following the transaction, the senior vice president now owns 13,428 shares of the company's stock, valued at approximately $1,477,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Reza Kasnavi sold 3,000 shares of Skyworks Solutions stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $120.03, for a total transaction of $360,090.00. Following the transaction, the senior vice president now directly owns 16,994 shares in the company, valued at approximately $2,039,789.82. The disclosure for this sale can be found here. Insiders have sold 9,216 shares of company stock valued at $1,010,950 in the last 90 days. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

SWKS has been the subject of a number of analyst reports. TheStreet upgraded shares of Skyworks Solutions from a "c+" rating to a "b-" rating in a research note on Thursday, February 9th. Benchmark lifted their target price on shares of Skyworks Solutions from $120.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, February 7th. Morgan Stanley lifted their target price on shares of Skyworks Solutions from $96.00 to $114.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 7th. KeyCorp lifted their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, February 7th. Finally, Credit Suisse Group boosted their price objective on shares of Skyworks Solutions from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of "Moderate Buy" and an average target price of $119.26.

Skyworks Solutions Profile

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Skyworks Solutions, Inc engages in the design, development, and manufacture of proprietary semiconductor products. Its products include amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics.

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