The Manufacturers Life Insurance Company reduced its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,867 shares of the semiconductor manufacturer’s stock after selling 14,456 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Skyworks Solutions were worth $18,503,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in Skyworks Solutions in the 2nd quarter valued at $202,000. Robeco Institutional Asset Management B.V. raised its holdings in Skyworks Solutions by 18.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 69,010 shares of the semiconductor manufacturer’s stock valued at $7,032,000 after acquiring an additional 10,690 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Skyworks Solutions in the 3rd quarter valued at $408,000. Aperio Group LLC raised its holdings in Skyworks Solutions by 9.7% in the 3rd quarter. Aperio Group LLC now owns 69,049 shares of the semiconductor manufacturer’s stock valued at $7,036,000 after acquiring an additional 6,124 shares during the last quarter. Finally, Korea Investment CORP raised its holdings in Skyworks Solutions by 6.6% in the 3rd quarter. Korea Investment CORP now owns 148,226 shares of the semiconductor manufacturer’s stock valued at $15,104,000 after acquiring an additional 9,200 shares during the last quarter. Hedge funds and other institutional investors own 81.06% of the company’s stock.
Shares of Skyworks Solutions Inc (NASDAQ SWKS) opened at $108.23 on Friday. Skyworks Solutions Inc has a 12-month low of $93.02 and a 12-month high of $117.65. The firm has a market cap of $19,750.00, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.06 and a beta of 0.69.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.09. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company earned $1.61 EPS. The firm’s revenue was up 15.0% on a year-over-year basis. analysts predict that Skyworks Solutions Inc will post 6.67 EPS for the current year.
Skyworks Solutions announced that its Board of Directors has authorized a share repurchase program on Monday, February 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.18%. Skyworks Solutions’s dividend payout ratio (DPR) is 21.69%.
In related news, SVP Carlos S. Bori sold 3,850 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $98.15, for a total transaction of $377,877.50. Following the completion of the sale, the senior vice president now directly owns 11,372 shares of the company’s stock, valued at approximately $1,116,161.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 2,151 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $107.20, for a total transaction of $230,587.20. Following the sale, the senior vice president now directly owns 9,372 shares of the company’s stock, valued at $1,004,678.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,248 shares of company stock valued at $9,327,652. 0.49% of the stock is owned by corporate insiders.
Several brokerages have weighed in on SWKS. BidaskClub upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Zacks Investment Research upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Vetr downgraded Skyworks Solutions from a “sell” rating to a “strong sell” rating and set a $91.21 price target for the company. in a report on Wednesday, February 7th. ValuEngine upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Canaccord Genuity boosted their price target on Skyworks Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Skyworks Solutions presently has an average rating of “Buy” and a consensus target price of $115.93.
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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