Man Group plc Sells 139,673 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Man Group plc trimmed its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 48.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,268 shares of the semiconductor manufacturer’s stock after selling 139,673 shares during the quarter. Man Group plc owned 0.09% of Skyworks Solutions worth $12,971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions during the fourth quarter worth $29,000. Picton Mahoney Asset Management bought a new stake in shares of Skyworks Solutions during the fourth quarter worth $33,000. Manchester Capital Management LLC lifted its position in shares of Skyworks Solutions by 325.2% during the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock worth $49,000 after purchasing an additional 426 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Skyworks Solutions by 53.2% during the fourth quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock worth $56,000 after purchasing an additional 218 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SWKS has been the subject of several research analyst reports. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Rosenblatt Securities restated a “neutral” rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Stifel Nicolaus lifted their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, May 8th. Morgan Stanley decreased their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Finally, Barclays lifted their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the company an “underweight” rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $78.29.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

Skyworks Solutions Price Performance

SWKS opened at $73.32 on Friday. The business’s 50-day moving average is $63.39 and its two-hundred day moving average is $76.35. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a market capitalization of $11.01 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last issued 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 return on equity of 12.60% and a net margin of 13.02%. The business had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The company’s revenue was down 8.9% on a year-over-year basis. Research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.82%. Skyworks Solutions’s payout ratio is 109.80%.

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.