Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 29.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,700 shares of the semiconductor manufacturer’s stock after selling 2,332 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Skyworks Solutions were worth $505,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SWKS. Baird Financial Group Inc. raised its holdings in Skyworks Solutions by 3.9% during the fourth quarter. Baird Financial Group Inc. now owns 49,220 shares of the semiconductor manufacturer’s stock worth $4,365,000 after purchasing an additional 1,854 shares in the last quarter. Alethea Capital Management LLC purchased a new position in shares of Skyworks Solutions in the 4th quarter valued at $394,000. AXA S.A. raised its stake in Skyworks Solutions by 42.8% during the 4th quarter. AXA S.A. now owns 260,091 shares of the semiconductor manufacturer’s stock worth $23,065,000 after acquiring an additional 77,999 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in Skyworks Solutions in the fourth quarter valued at $103,000. Finally, Rehmann Capital Advisory Group boosted its stake in Skyworks Solutions by 4.3% in the fourth quarter. Rehmann Capital Advisory Group now owns 13,446 shares of the semiconductor manufacturer’s stock valued at $1,192,000 after acquiring an additional 552 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SWKS. Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Bank of America decreased their price objective on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday. Finally, The Goldman Sachs Group decreased their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company 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. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus price target of $78.29.

Skyworks Solutions Stock Up 1.4 %

Skyworks Solutions stock opened at $68.23 on Friday. The stock’s 50 day moving average price is $63.07 and its 200 day moving average price is $77.25. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The company has a market cap of $10.70 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business had revenue of $953.20 million for the quarter, compared to analysts’ expectations of $951.50 million. During the same period in the prior year, the company posted $1.55 EPS. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.10%. Skyworks Solutions’s payout ratio is 85.89%.

Insider Buying and Selling

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 stock was purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.28% of the company’s stock.

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.