Swiss National Bank decreased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 677,400 shares of the semiconductor manufacturer’s stock after selling 2,600 shares during the quarter. Swiss National Bank’s holdings in Skyworks Solutions were worth $64,319,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC boosted its position in Skyworks Solutions by 9.3% during the 3rd quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock worth $223,182,000 after acquiring an additional 186,077 shares during the period. Old Mutual Global Investors UK Ltd. boosted its position in Skyworks Solutions by 27.9% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock worth $170,262,000 after acquiring an additional 364,933 shares during the period. APG Asset Management N.V. boosted its position in Skyworks Solutions by 17.2% during the 4th quarter. APG Asset Management N.V. now owns 1,508,526 shares of the semiconductor manufacturer’s stock worth $119,283,000 after acquiring an additional 221,587 shares during the period. Platinum Investment Management Ltd. boosted its position in Skyworks Solutions by 0.3% during the 3rd quarter. Platinum Investment Management Ltd. now owns 1,108,860 shares of the semiconductor manufacturer’s stock worth $112,992,000 after acquiring an additional 3,300 shares during the period. Finally, Legal & General Group Plc boosted its position in Skyworks Solutions by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 893,636 shares of the semiconductor manufacturer’s stock worth $91,060,000 after acquiring an additional 21,802 shares during the period. Institutional investors and hedge funds own 81.22% of the company’s stock.
A number of brokerages have commented on SWKS. Vetr upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $118.57 price objective for the company in a research report on Tuesday, November 7th. Zacks Investment Research lowered Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Barclays raised their price objective on Skyworks Solutions from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. DA Davidson restated a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Finally, Needham & Company LLC restated a “buy” rating on shares of Skyworks Solutions in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have issued a buy rating to the company. Skyworks Solutions presently has a consensus rating of “Buy” and an average target price of $115.93.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.09. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business earned $1.61 EPS. The firm’s revenue was up 15.0% compared to the same quarter last year. equities analysts anticipate that Skyworks Solutions, Inc. will post 6.67 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, February 21st. Skyworks Solutions’s payout ratio is 29.02%.
Skyworks Solutions announced that its board has initiated a share buyback plan on Monday, February 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In related news, CEO Liam Griffin sold 11,285 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $109.68, for a total value of $1,237,738.80. Following the transaction, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at approximately $6,288,173.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter L. Gammel sold 7,800 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $100.60, for a total value of $784,680.00. Following the completion of the transaction, the insider now directly owns 12,680 shares in the company, valued at $1,275,608. The disclosure for this sale can be found here. Insiders sold a total of 81,028 shares of company stock worth $8,275,780 over the last three months. 0.49% of the stock is owned by company insiders.
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Skyworks Solutions Company Profile
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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