American Century Companies Inc. Boosts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

American Century Companies Inc. boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 18.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,361 shares of the semiconductor manufacturer’s stock after purchasing an additional 33,037 shares during the period. American Century Companies Inc. owned about 0.13% of Skyworks Solutions worth $19,098,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SWKS. Quest Partners LLC purchased a new position in shares of Skyworks Solutions during the third quarter valued at approximately $41,000. Cerity Partners LLC increased its position in Skyworks Solutions by 3.8% during the 3rd quarter. Cerity Partners LLC now owns 25,817 shares of the semiconductor manufacturer’s stock valued at $2,550,000 after purchasing an additional 954 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Skyworks Solutions by 3.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 151,495 shares of the semiconductor manufacturer’s stock worth $14,963,000 after purchasing an additional 4,527 shares in the last quarter. FMR LLC lifted its position in shares of Skyworks Solutions by 7.3% in the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock worth $265,853,000 after purchasing an additional 182,130 shares during the period. Finally, Townsquare Capital LLC bought a new stake in shares of Skyworks Solutions during the 3rd quarter valued at about $202,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 3.3 %

Shares of Skyworks Solutions stock opened at $64.12 on Monday. Skyworks Solutions, Inc. has a twelve month low of $62.01 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 company’s 50 day moving average is $73.20 and its 200 day moving average is $85.34. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18.

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

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s payout ratio is currently 85.89%.

Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler lowered their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Barclays decreased their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Finally, B. Riley lowered 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 investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.