OMERS ADMINISTRATION Corp Has $1.66 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

OMERS ADMINISTRATION Corp cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 25.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,664 shares of the semiconductor manufacturer’s stock after selling 6,472 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Skyworks Solutions were worth $1,655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SWKS. Barclays PLC raised its position in shares of Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after buying an additional 949,407 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Skyworks Solutions by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 200,873 shares of the semiconductor manufacturer’s stock valued at $19,840,000 after buying an additional 6,302 shares in the last quarter. Czech National Bank raised its position in shares of Skyworks Solutions by 6.4% in the 4th quarter. Czech National Bank now owns 34,630 shares of the semiconductor manufacturer’s stock valued at $3,071,000 after buying an additional 2,095 shares in the last quarter. BTS Asset Management Inc. acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at approximately $229,000. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at approximately $210,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 0.1%

SWKS opened at $72.28 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.79 and a beta of 1.18. The company’s 50 day moving average price is $63.29 and its two-hundred day moving average price is $76.62.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The company had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. During the same period in the prior year, the firm posted $1.55 EPS. The company’s quarterly revenue was down 8.9% on a year-over-year basis. As a group, research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 109.80%.

Analyst Ratings Changes

SWKS has been the subject of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Barclays upped their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an “underweight” rating in a research report on Thursday, May 8th. UBS Group lowered their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Morgan Stanley lowered their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $78.29.

Insider Transactions at Skyworks Solutions

In other news, CEO Philip G. Brace acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is currently owned by corporate insiders.

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.