Sciencast Management LP boosted its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 63.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,668 shares of the semiconductor manufacturer’s stock after buying an additional 4,938 shares during the period. Sciencast Management LP’s holdings in Skyworks Solutions were worth $1,260,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Skyworks Solutions by 78.3% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,700 shares of the semiconductor manufacturer’s stock worth $1,016,000 after buying an additional 4,700 shares during the period. Deutsche Bank AG grew its stake in shares of Skyworks Solutions by 7.3% in the fourth quarter. Deutsche Bank AG now owns 1,315,169 shares of the semiconductor manufacturer’s stock worth $124,868,000 after purchasing an additional 89,010 shares in the last quarter. BancorpSouth Bank bought a new position in shares of Skyworks Solutions in the fourth quarter worth $760,000. Maverick Capital Ltd. grew its stake in shares of Skyworks Solutions by 66.6% in the fourth quarter. Maverick Capital Ltd. now owns 66,380 shares of the semiconductor manufacturer’s stock worth $6,303,000 after purchasing an additional 26,540 shares in the last quarter. Finally, Snow Capital Management LP grew its stake in shares of Skyworks Solutions by 3.4% in the fourth quarter. Snow Capital Management LP now owns 339,772 shares of the semiconductor manufacturer’s stock worth $32,261,000 after purchasing an additional 11,047 shares in the last quarter. 80.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Skyworks Solutions opened at $101.14 on Thursday, Marketbeat Ratings reports. Skyworks Solutions Inc has a fifty-two week low of $86.13 and a fifty-two week high of $117.65. The stock has a market cap of $18.15 billion, a P/E ratio of 16.91, a PEG ratio of 1.25 and a beta of 0.68.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Investors of record on Tuesday, May 22nd were paid a dividend of $0.32 per share. The ex-dividend date was Monday, May 21st. This represents a $1.28 annualized dividend and a yield of 1.27%. Skyworks Solutions’s dividend payout ratio is currently 21.40%.
In related news, Director Christine King sold 2,401 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $97.67, for a total value of $234,505.67. Following the completion of the transaction, the director now owns 14,928 shares in the company, valued at approximately $1,458,017.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter L. Gammel sold 9,000 shares of the stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $99.19, for a total value of $892,710.00. Following the completion of the transaction, the insider now owns 21,420 shares of the company’s stock, valued at approximately $2,124,649.80. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.
SWKS has been the subject of several recent analyst reports. Canaccord Genuity decreased their price target on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, May 1st. Charter Equity reissued a “buy” rating on shares of Skyworks Solutions in a research note on Tuesday, April 24th. Standpoint Research raised Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Craig Hallum reissued a “buy” rating and issued a $115.00 price target (down previously from $125.00) on shares of Skyworks Solutions in a research note on Friday, May 4th. Finally, Longbow Research initiated coverage on Skyworks Solutions in a research note on Wednesday, May 16th. They issued a “buy” rating and a $120.00 price target for the company. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $115.16.
About Skyworks Solutions
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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