YorkBridge Wealth Partners LLC raised its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 1,069.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,169 shares of the semiconductor manufacturer’s stock after buying an additional 1,069 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Skyworks Solutions were worth $78,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in SWKS. BlackRock Inc. grew its holdings in shares of Skyworks Solutions by 3.0% in the fourth quarter. BlackRock Inc. now owns 13,271,115 shares of the semiconductor manufacturer’s stock worth $889,431,000 after acquiring an additional 385,052 shares during the period. Capital International Investors bought a new stake in Skyworks Solutions during the third quarter valued at about $326,736,000. Oregon Public Employees Retirement Fund grew its holdings in Skyworks Solutions by 6,143.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,733,478 shares of the semiconductor manufacturer’s stock valued at $41,000 after purchasing an additional 2,689,698 shares during the period. Geode Capital Management LLC grew its holdings in Skyworks Solutions by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock valued at $180,234,000 after purchasing an additional 242,983 shares during the period. Finally, Northern Trust Corp grew its holdings in Skyworks Solutions by 6.1% during the fourth quarter. Northern Trust Corp now owns 2,441,004 shares of the semiconductor manufacturer’s stock valued at $163,596,000 after purchasing an additional 139,555 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.
In other news, insider Peter L. Gammel sold 1,915 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $83.91, for a total transaction of $160,687.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David J. Aldrich sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $81.05, for a total value of $243,150.00. Following the sale, the director now owns 203,922 shares in the company, valued at $16,527,878.10. The disclosure for this sale can be found here. Insiders have sold a total of 9,918 shares of company stock valued at $780,053 in the last quarter. Company insiders own 0.47% of the company’s stock.
Shares of SWKS traded down $1.64 during midday trading on Monday, hitting $80.95. 16,933 shares of the company’s stock traded hands, compared to its average volume of 1,723,439. Skyworks Solutions Inc has a 1 year low of $60.12 and a 1 year high of $105.55. The firm has a market cap of $14.38 billion, a PE ratio of 12.26, a P/E/G ratio of 1.26 and a beta of 0.69.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 EPS for the quarter, beating the consensus estimate of $1.71 by $0.12. The firm had revenue of $972.00 million during the quarter, compared to analyst estimates of $974.70 million. Skyworks Solutions had a return on equity of 29.30% and a net margin of 29.91%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.00 EPS. Research analysts forecast that Skyworks Solutions Inc will post 6.01 earnings per share for the current fiscal year.
Skyworks Solutions announced that its board has approved a share buyback plan on Tuesday, February 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 15.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Tuesday, February 26th were paid a $0.38 dividend. The ex-dividend date was Monday, February 25th. This represents a $1.52 dividend on an annualized basis and a yield of 1.88%. Skyworks Solutions’s dividend payout ratio (DPR) is 22.93%.
Several analysts have issued reports on SWKS shares. TheStreet raised Skyworks Solutions from a “c+” rating to a “b-” rating in a report on Wednesday, February 27th. B. Riley reaffirmed a “neutral” rating and issued a $80.00 price objective (down previously from $89.00) on shares of Skyworks Solutions in a research note on Wednesday, January 9th. BidaskClub raised Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. ValuEngine raised Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, Morgan Stanley dropped their price objective on Skyworks Solutions from $74.00 to $71.00 and set an “equal weight” rating for the company in a research note on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $93.00.
Skyworks Solutions 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.
Featured Article: Outstanding Shares
Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions Inc (NASDAQ:SWKS).
Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.