Koshinski Asset Management Inc. decreased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 35.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,264 shares of the semiconductor manufacturer’s stock after selling 1,824 shares during the period. Koshinski Asset Management Inc.’s holdings in Skyworks Solutions were worth $310,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Gateway Investment Advisers LLC raised its stake in shares of Skyworks Solutions by 18.2% during the fourth quarter. Gateway Investment Advisers LLC now owns 170,791 shares of the semiconductor manufacturer’s stock valued at $16,217,000 after acquiring an additional 26,237 shares during the last quarter. National Pension Service raised its stake in shares of Skyworks Solutions by 4.0% during the fourth quarter. National Pension Service now owns 214,060 shares of the semiconductor manufacturer’s stock valued at $20,325,000 after acquiring an additional 8,263 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Skyworks Solutions by 21.4% during the fourth quarter. Bank of Montreal Can now owns 298,365 shares of the semiconductor manufacturer’s stock valued at $28,329,000 after acquiring an additional 52,631 shares during the last quarter. Liberty Capital Management Inc. raised its stake in shares of Skyworks Solutions by 8.4% during the fourth quarter. Liberty Capital Management Inc. now owns 17,782 shares of the semiconductor manufacturer’s stock valued at $1,800,000 after acquiring an additional 1,383 shares during the last quarter. Finally, Banced Corp raised its stake in shares of Skyworks Solutions by 8.3% during the fourth quarter. Banced Corp now owns 9,108 shares of the semiconductor manufacturer’s stock valued at $864,000 after acquiring an additional 696 shares during the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.
Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) traded up $1.46 during midday trading on Monday, hitting $104.10. 3,039,122 shares of the stock were exchanged, compared to its average volume of 2,900,000. The firm has a market capitalization of $19,130.00, a PE ratio of 23.61, a P/E/G ratio of 1.02 and a beta of 0.69. Skyworks Solutions, Inc. has a 52-week low of $90.53 and a 52-week high of $117.65.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.09. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the company earned $1.61 earnings per share. equities research analysts predict that Skyworks Solutions, Inc. will post 6.67 earnings per share for the current fiscal year.
Skyworks Solutions declared that its board has authorized a share repurchase plan on Monday, February 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio is currently 29.02%.
In related news, CTO Peter L. Gammel sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $108.40, for a total transaction of $758,800.00. Following the transaction, the chief technology officer now directly owns 23,785 shares of the company’s stock, valued at $2,578,294. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Liam Griffin sold 11,285 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $109.68, for a total transaction of $1,237,738.80. Following the transaction, the chief executive officer now directly owns 57,332 shares in the company, valued at $6,288,173.76. The disclosure for this sale can be found here. Insiders have sold 137,405 shares of company stock valued at $14,462,209 over the last quarter. Corporate insiders own 0.49% of the company’s stock.
Several research firms have recently issued reports on SWKS. Zacks Investment Research raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Friday. Vetr cut shares of Skyworks Solutions from a “sell” rating to a “strong sell” rating and set a $91.21 price objective for the company. in a research report on Wednesday, February 7th. ValuEngine upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Canaccord Genuity increased their price objective on shares of Skyworks Solutions from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, B. Riley decreased their price objective on shares of Skyworks Solutions from $131.00 to $128.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Three analysts have rated the stock with a sell rating, four have given a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $115.93.
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About Skyworks Solutions
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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