Skyworks Solutions, Inc. (NASDAQ:SWKS) Stake Boosted by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,467 shares of the semiconductor manufacturer’s stock after buying an additional 454 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Skyworks Solutions were worth $390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in shares of Skyworks Solutions by 40.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock valued at $180,083,000 after acquiring an additional 465,223 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Skyworks Solutions by 42.0% during the third quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock valued at $112,951,000 after buying an additional 338,838 shares in the last quarter. LSV Asset Management raised its position in Skyworks Solutions by 24.2% during the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after buying an additional 338,820 shares during the period. Invesco Ltd. lifted its stake in Skyworks Solutions by 11.8% in the 3rd quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after acquiring an additional 321,243 shares in the last quarter. Finally, AustralianSuper Pty Ltd acquired a new stake in Skyworks Solutions during the 4th quarter worth about $29,522,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Skyworks Solutions

In related news, CEO Liam Griffin acquired 11,142 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were bought at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the acquisition, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SWKS shares. Stifel Nicolaus dropped their target price on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Benchmark downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Citigroup lowered their price target on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a report on Thursday, May 2nd. Rosenblatt Securities cut their price objective on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $108.86.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $91.78 on Tuesday. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. The company has a market cap of $14.73 billion, a P/E ratio of 17.25, a P/E/G ratio of 4.00 and a beta of 1.35. The business’s 50 day moving average is $103.17 and its two-hundred day moving average is $101.89.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s payout ratio is currently 51.13%.

About Skyworks Solutions

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.