Diversified Trust Co Grows Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Diversified Trust Co increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 64.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,169 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,637 shares during the period. Diversified Trust Co’s holdings in Skyworks Solutions were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vulcan Value Partners LLC boosted its position in shares of Skyworks Solutions by 38.8% during the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock worth $481,552,000 after acquiring an additional 1,262,964 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Skyworks Solutions by 54.9% during the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock worth $370,768,000 after acquiring an additional 1,233,618 shares during the last quarter. Barclays PLC boosted its position in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after acquiring an additional 949,407 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Skyworks Solutions by 52.0% during the third quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock worth $223,994,000 after acquiring an additional 775,470 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of Skyworks Solutions by 5,769.6% during the third quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer’s stock worth $71,708,000 after acquiring an additional 713,636 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SWKS. B. Riley dropped their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. JPMorgan Chase & Co. lowered their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Craig Hallum lowered their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Citigroup increased their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday. Finally, Barclays lowered their price objective on shares of Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating for the company in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $101.71.

Insider Activity

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now owns 24,567 shares of the company’s stock, valued at $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. This represents a 27.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,520 shares of company stock valued at $2,083,803. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $90.20 on Friday. The firm has a market cap of $14.42 billion, a PE ratio of 24.38, a PEG ratio of 2.01 and a beta of 1.15. The firm has a fifty day moving average of $88.33 and a 200 day moving average of $98.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. Skyworks Solutions, Inc. has a one year low of $82.13 and a one year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $1.95 EPS. The firm’s revenue was down 15.9% compared to the same quarter last year. As a group, research analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.10%. Skyworks Solutions’s payout ratio is 75.68%.

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.