LMR Partners LLP Buys New Stake in Skyworks Solutions Inc (SWKS)

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LMR Partners LLP bought a new stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 14,258 shares of the semiconductor manufacturer’s stock, valued at approximately $956,000.

Several other large investors also recently added to or reduced their stakes in SWKS. Nomura Holdings Inc. raised its holdings in shares of Skyworks Solutions by 32.4% during the 4th quarter. Nomura Holdings Inc. now owns 48,873 shares of the semiconductor manufacturer’s stock worth $3,274,000 after buying an additional 11,973 shares in the last quarter. Kings Point Capital Management acquired a new position in shares of Skyworks Solutions during the 4th quarter worth $44,000. BOKF NA raised its holdings in shares of Skyworks Solutions by 3.7% during the 4th quarter. BOKF NA now owns 3,767 shares of the semiconductor manufacturer’s stock worth $252,000 after buying an additional 133 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Skyworks Solutions by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock worth $180,234,000 after buying an additional 242,983 shares in the last quarter. Finally, Kinneret Advisory LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter worth $146,000. Hedge funds and other institutional investors own 81.15% of the company’s stock.

A number of equities analysts have recently commented on SWKS shares. TheStreet raised Skyworks Solutions from a “c+” rating to a “b-” rating in a report on Wednesday, February 27th. Canaccord Genuity reissued a “buy” rating and set a $84.00 price target (down previously from $96.00) on shares of Skyworks Solutions in a report on Wednesday, January 9th. Craig Hallum reissued a “buy” rating and set a $90.00 price target (down previously from $105.00) on shares of Skyworks Solutions in a report on Wednesday, January 9th. MKM Partners lowered their price target on Skyworks Solutions to $85.00 and set a “buy” rating for the company in a report on Wednesday, January 9th. Finally, Loop Capital lowered their target price on Skyworks Solutions to $92.00 and set a “buy” rating for the company in a report on Thursday, January 10th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the stock. Skyworks Solutions currently has an average rating of “Hold” and an average target price of $93.00.

Shares of SWKS opened at $81.43 on Friday. Skyworks Solutions Inc has a 12-month low of $60.12 and a 12-month high of $112.16. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.26 and a beta of 0.69.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.12. The company had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $974.70 million. Skyworks Solutions had a return on equity of 29.30% and a net margin of 29.91%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Equities analysts forecast that Skyworks Solutions Inc will post 5.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, February 26th will be paid a $0.38 dividend. The ex-dividend date is Monday, February 25th. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. Skyworks Solutions’s payout ratio is 22.93%.

Skyworks Solutions announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 15.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

In other news, Director David J. Aldrich sold 3,000 shares of the stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $81.05, for a total value of $243,150.00. Following the completion of the sale, the director now owns 203,922 shares of the company’s stock, valued at $16,527,878.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter L. Gammel sold 1,915 shares of the stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $83.91, for a total value of $160,687.65. The disclosure for this sale can be found here. In the last three months, insiders sold 7,567 shares of company stock valued at $585,367. Insiders own 0.47% of the company’s stock.

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Skyworks Solutions Company Profile

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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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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