HM Payson & Co. Has $8.81 Million Stake in Skyworks Solutions Inc (SWKS)

HM Payson & Co. grew its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,832 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,561 shares during the period. HM Payson & Co. owned approximately 0.05% of Skyworks Solutions worth $8,814,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC purchased a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $211,000. Checchi Capital Advisers LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter worth $224,000. Granite Springs Asset Management LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter worth $230,000. Zions Bancorporation increased its stake in shares of Skyworks Solutions by 7,738.7% in the third quarter. Zions Bancorporation now owns 2,430 shares of the semiconductor manufacturer’s stock worth $247,000 after buying an additional 2,399 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter worth $248,000. Institutional investors own 83.17% of the company’s stock.

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In other news, insider David J. Aldrich sold 35,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $113.03, for a total transaction of $3,956,050.00. Following the completion of the transaction, the insider now owns 177,252 shares of the company’s stock, valued at $20,034,793.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 3,083 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $98.00, for a total transaction of $302,134.00. Following the transaction, the senior vice president now directly owns 12,455 shares of the company’s stock, valued at approximately $1,220,590. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,133 shares of company stock valued at $10,717,872. Corporate insiders own 0.49% of the company’s stock.

SWKS has been the subject of a number of research analyst reports. Vetr upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $119.64 price target for the company in a research note on Wednesday, November 29th. BidaskClub lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Morgan Stanley lifted their price target on shares of Skyworks Solutions from $86.00 to $88.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 13th. Cowen set a $115.00 price target on shares of Skyworks Solutions and gave the stock a “hold” rating in a research note on Thursday, December 14th. Finally, Piper Jaffray Companies initiated coverage on shares of Skyworks Solutions in a research note on Wednesday, December 20th. They issued an “overweight” rating and a $115.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $117.09.

SWKS stock opened at $109.07 on Wednesday. The company has a market cap of $19,950.85, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.08 and a beta of 0.55. Skyworks Solutions Inc has a 1-year low of $93.05 and a 1-year high of $117.65.

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

Skyworks Solutions declared that its Board of Directors has initiated a stock repurchase plan on Monday, February 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio (DPR) is 29.03%.

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

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