AMP Capital Investors Ltd increased its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,068 shares of the semiconductor manufacturer’s stock after purchasing an additional 17,446 shares during the quarter. AMP Capital Investors Ltd owned 0.08% of Skyworks Solutions worth $13,110,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in SWKS. Profund Advisors LLC increased its holdings in Skyworks Solutions by 19.3% during the 4th quarter. Profund Advisors LLC now owns 55,379 shares of the semiconductor manufacturer’s stock valued at $5,258,000 after acquiring an additional 8,943 shares in the last quarter. MANA Advisors LLC purchased a new position in Skyworks Solutions during the 4th quarter valued at about $867,000. Renaissance Technologies LLC purchased a new position in Skyworks Solutions during the 4th quarter valued at about $40,580,000. ETRADE Capital Management LLC increased its holdings in Skyworks Solutions by 15.4% during the 4th quarter. ETRADE Capital Management LLC now owns 8,564 shares of the semiconductor manufacturer’s stock valued at $813,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Snow Capital Management LP increased its holdings in Skyworks Solutions by 3.4% during the 4th quarter. Snow Capital Management LP now owns 339,772 shares of the semiconductor manufacturer’s stock valued at $32,261,000 after acquiring an additional 11,047 shares in the last quarter. Institutional investors and hedge funds own 83.20% of the company’s stock.
Several equities analysts have weighed in on the stock. Standpoint Research upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. BidaskClub raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Zacks Investment Research raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Vetr cut shares of Skyworks Solutions from a “sell” rating to a “strong sell” rating and set a $91.21 price target on the stock. in a research note on Wednesday, February 7th. Finally, ValuEngine raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. Skyworks Solutions has an average rating of “Buy” and an average target price of $117.09.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company earned $1.61 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. research analysts anticipate that Skyworks Solutions Inc will post 6.67 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be given a $0.32 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.14%. Skyworks Solutions’s dividend payout ratio is presently 21.69%.
Skyworks Solutions declared that its Board of Directors has authorized a share repurchase plan on Monday, February 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In related news, insider David J. Aldrich sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $113.03, for a total value of $3,956,050.00. Following the sale, the insider now directly owns 177,252 shares of the company’s stock, valued at $20,034,793.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 3,083 shares of Skyworks Solutions stock in a transaction that occurred 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 in the company, valued at $1,220,590. The disclosure for this sale can be found here. Insiders sold 103,442 shares of company stock worth $10,954,324 over the last three months. Corporate insiders own 0.49% of the company’s stock.
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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