Hodges Capital Management Inc. lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 19.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,627 shares of the semiconductor manufacturer’s stock after selling 650 shares during the quarter. Hodges Capital Management Inc.’s holdings in Skyworks Solutions were worth $249,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Financial Engines Advisors L.L.C. acquired a new stake in shares of Skyworks Solutions during the third quarter worth $126,000. WFG Advisors LP boosted its holdings in shares of Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after purchasing an additional 171 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Skyworks Solutions during the second quarter worth $202,000. Round Table Services LLC acquired a new stake in shares of Skyworks Solutions during the third quarter worth $204,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Skyworks Solutions during the third quarter worth $204,000. Hedge funds and other institutional investors own 81.77% of the company’s stock.

Skyworks Solutions, Inc. (NASDAQ SWKS) opened at $102.64 on Friday. The firm has a market capitalization of $18,730.05, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.02 and a beta of 0.69. Skyworks Solutions, Inc. has a 52-week low of $90.53 and a 52-week high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.09. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $1.61 EPS. analysts predict that Skyworks Solutions, Inc. will post 6.67 EPS for the current year.

Skyworks Solutions declared that its board has approved a stock repurchase plan on Monday, February 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio (DPR) is currently 29.03%.

In other Skyworks Solutions news, insider Liam Griffin sold 15,059 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $95.09, for a total value of $1,431,960.31. Following the transaction, the insider now directly owns 62,359 shares of the company’s stock, valued at $5,929,717.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carlos S. Bori sold 2,151 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $107.20, for a total value of $230,587.20. Following the completion of the transaction, the senior vice president now directly owns 9,372 shares in the company, valued at $1,004,678.40. The disclosure for this sale can be found here. Insiders sold a total of 157,523 shares of company stock worth $16,684,175 over the last ninety days. Corporate insiders own 0.49% of the company’s stock.

Several research firms have recently issued reports on SWKS. Zacks Investment Research upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday. Vetr cut Skyworks Solutions from a “sell” rating to a “strong sell” rating and set a $91.21 price objective on the stock. in a report on Wednesday. ValuEngine upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Wednesday. Canaccord Genuity raised their price objective on Skyworks Solutions from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, B. Riley decreased their price objective on Skyworks Solutions from $131.00 to $128.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $115.93.

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About Skyworks Solutions

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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