Narwhal Capital Management increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 34.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,468 shares of the semiconductor manufacturer’s stock after acquiring an additional 9,873 shares during the quarter. Narwhal Capital Management’s holdings in Skyworks Solutions were worth $3,653,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Thrivent Financial For Lutherans increased its holdings in Skyworks Solutions by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 6,960 shares of the semiconductor manufacturer’s stock worth $668,000 after buying an additional 170 shares during the period. Mutual of America Capital Management LLC increased its holdings in Skyworks Solutions by 2.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 44,906 shares of the semiconductor manufacturer’s stock worth $4,309,000 after buying an additional 1,250 shares during the period. GSA Capital Partners LLP acquired a new position in Skyworks Solutions in the 2nd quarter worth approximately $917,000. ETRADE Capital Management LLC boosted its position in Skyworks Solutions by 132.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 6,033 shares of the semiconductor manufacturer’s stock worth $579,000 after purchasing an additional 3,440 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in Skyworks Solutions by 5.8% in the 2nd quarter. California Public Employees Retirement System now owns 405,400 shares of the semiconductor manufacturer’s stock worth $38,898,000 after purchasing an additional 22,300 shares in the last quarter. 81.22% of the stock is owned by institutional investors.
In related news, insider Liam Griffin sold 15,059 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $95.09, for a total transaction of $1,431,960.31. Following the transaction, the insider now owns 62,359 shares of the company’s stock, valued at $5,929,717.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter L. Gammel sold 7,800 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $100.60, for a total value of $784,680.00. Following the transaction, the insider now directly owns 12,680 shares in the company, valued at approximately $1,275,608. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,028 shares of company stock worth $13,229,380. 0.49% of the stock is currently owned by corporate insiders.
SWKS has been the topic of several recent research reports. Zacks Investment Research upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. BMO Capital Markets upgraded Skyworks Solutions from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Morgan Stanley increased their target price on Skyworks Solutions from $86.00 to $88.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. Drexel Hamilton reiterated a “buy” rating and set a $128.00 target price (up previously from $120.00) on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Finally, BidaskClub lowered Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $115.93.
Skyworks Solutions, Inc. (NASDAQ SWKS) traded up $1.07 during mid-day trading on Wednesday, reaching $104.65. The company had a trading volume of 2,561,814 shares, compared to its average volume of 2,980,000. The stock has a market capitalization of $19,230.00, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.03 and a beta of 0.69. Skyworks Solutions, Inc. has a 12-month low of $90.53 and a 12-month high of $117.65.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 EPS for the quarter, topping the consensus estimate of $1.91 by $0.09. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 earnings per share. equities analysts anticipate that Skyworks Solutions, Inc. will post 6.67 EPS for the current fiscal year.
Skyworks Solutions declared that its Board of Directors has authorized a share buyback program on Monday, February 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio (DPR) is 29.02%.
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Skyworks Solutions 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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