Assetmark Inc. increased its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 5.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,584 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,200 shares during the period. Assetmark Inc. owned approximately 0.05% of Skyworks Solutions worth $8,580,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Vulcan Value Partners LLC grew its holdings in Skyworks Solutions by 21.8% in the second quarter. Vulcan Value Partners LLC now owns 6,581,779 shares of the semiconductor manufacturer’s stock valued at $636,129,000 after purchasing an additional 1,179,670 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Skyworks Solutions by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 3,072,364 shares of the semiconductor manufacturer’s stock valued at $296,944,000 after purchasing an additional 185,039 shares during the last quarter. LSV Asset Management grew its holdings in Skyworks Solutions by 3,665.0% in the third quarter. LSV Asset Management now owns 1,852,400 shares of the semiconductor manufacturer’s stock valued at $168,031,000 after purchasing an additional 1,803,200 shares during the last quarter. FMR LLC grew its holdings in Skyworks Solutions by 22.6% in the third quarter. FMR LLC now owns 1,434,635 shares of the semiconductor manufacturer’s stock valued at $130,136,000 after purchasing an additional 264,346 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Skyworks Solutions by 31.1% in the third quarter. First Trust Advisors LP now owns 1,391,837 shares of the semiconductor manufacturer’s stock valued at $126,254,000 after purchasing an additional 330,404 shares during the last quarter. 80.68% of the stock is currently owned by institutional investors.
In related news, Director David J. Aldrich sold 10,000 shares of the stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $91.30, for a total transaction of $913,000.00. Following the transaction, the director now directly owns 152,252 shares in the company, valued at $13,900,607.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David J. Aldrich sold 3,000 shares of the stock in a transaction dated Friday, October 19th. The stock was sold at an average price of $87.14, for a total value of $261,420.00. Following the transaction, the director now owns 145,252 shares in the company, valued at $12,657,259.28. The disclosure for this sale can be found here. Insiders have sold 21,500 shares of company stock worth $1,930,810 over the last quarter. 0.47% of the stock is currently owned by company insiders.
Several analysts have weighed in on the company. BidaskClub raised Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. Morgan Stanley lowered their target price on Skyworks Solutions from $80.00 to $79.00 and set an “underweight” rating on the stock in a report on Wednesday, October 3rd. ValuEngine raised Skyworks Solutions from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Zacks Investment Research lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, Craig Hallum lowered their target price on Skyworks Solutions from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 9th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $103.38.
Shares of NASDAQ:SWKS opened at $67.57 on Friday. Skyworks Solutions Inc has a 52-week low of $67.38 and a 52-week high of $115.98. The firm has a market capitalization of $12.56 billion, a PE ratio of 10.19, a P/E/G ratio of 0.87 and a beta of 0.60.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.02. Skyworks Solutions had a return on equity of 30.59% and a net margin of 23.74%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the business earned $1.82 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Skyworks Solutions Inc will post 6.74 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be given a dividend of $0.38 per share. The ex-dividend date is Monday, November 26th. This represents a $1.52 annualized dividend and a yield of 2.25%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 22.93%.
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, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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