Kopp Investment Advisors LLC decreased its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,353 shares of the semiconductor manufacturer’s stock after selling 1,371 shares during the period. Skyworks Solutions accounts for 2.4% of Kopp Investment Advisors LLC’s portfolio, making the stock its 14th largest position. Kopp Investment Advisors LLC’s holdings in Skyworks Solutions were worth $2,407,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Engines Advisors L.L.C. bought a new stake in shares of Skyworks Solutions in the 3rd quarter worth approximately $126,000. Park Avenue Securities LLC bought a new stake in shares of Skyworks Solutions in the 3rd quarter worth approximately $211,000. Checchi Capital Advisers LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $224,000. Granite Springs Asset Management LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $230,000. Finally, Zions Bancorporation lifted its holdings in shares of Skyworks Solutions by 7,738.7% in the 3rd quarter. Zions Bancorporation now owns 2,430 shares of the semiconductor manufacturer’s stock worth $247,000 after purchasing an additional 2,399 shares during the last quarter. 83.20% of the stock is currently owned by institutional investors and hedge funds.
Skyworks Solutions Inc (NASDAQ:SWKS) opened at $113.56 on Monday. Skyworks Solutions Inc has a 1 year low of $93.05 and a 1 year high of $117.65. The stock has a market capitalization of $20,722.75, a price-to-earnings ratio of 25.75, a PEG ratio of 1.13 and a beta of 0.55.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio (DPR) is presently 29.03%.
Skyworks Solutions declared that its Board of Directors has initiated a share buyback program 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. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
Several brokerages recently issued reports on SWKS. Standpoint Research raised Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Vetr raised Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $119.64 price target on the stock in a report on Wednesday, November 29th. ValuEngine raised Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. BidaskClub raised Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, B. Riley cut their target price on Skyworks Solutions from $131.00 to $128.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty-five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $117.09.
In related news, CTO Peter L. Gammel sold 7,305 shares of Skyworks Solutions stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $96.50, for a total value of $704,932.50. Following the transaction, the chief technology officer now directly owns 16,285 shares in the company, valued at approximately $1,571,502.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 3,083 shares of Skyworks Solutions stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $98.00, for a total value of $302,134.00. Following the completion of the transaction, the senior vice president now owns 12,455 shares in the company, valued at $1,220,590. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,747 shares of company stock worth $11,659,257. 0.49% of the stock is owned by 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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