Smith Graham & Co. Investment Advisors LP Raises Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Smith Graham & Co. Investment Advisors LP grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 21.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,170 shares of the semiconductor manufacturer’s stock after acquiring an additional 14,640 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Skyworks Solutions were worth $7,802,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SWKS. Voya Investment Management LLC boosted its stake in shares of Skyworks Solutions by 953.8% during the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock valued at $123,813,000 after purchasing an additional 1,167,942 shares in the last quarter. Koch Industries Inc. boosted its stake in Skyworks Solutions by 11,046.5% in the second quarter. Koch Industries Inc. now owns 508,502 shares of the semiconductor manufacturer’s stock valued at $503,000 after acquiring an additional 503,940 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in Skyworks Solutions by 27.9% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock valued at $170,262,000 after acquiring an additional 364,933 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Skyworks Solutions by 129.6% in the second quarter. Parametric Portfolio Associates LLC now owns 543,016 shares of the semiconductor manufacturer’s stock valued at $52,102,000 after acquiring an additional 306,561 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Skyworks Solutions by 23.9% in the third quarter. APG Asset Management N.V. now owns 1,286,939 shares of the semiconductor manufacturer’s stock valued at $131,139,000 after acquiring an additional 248,200 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Several equities research analysts have weighed in on the stock. Vetr upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $118.57 target price for the company in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Barclays raised their target price on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. DA Davidson reissued a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a report on Tuesday, November 7th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Skyworks Solutions in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $115.93.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) traded up $1.07 on Wednesday, reaching $104.65. 2,586,765 shares of the company traded hands, compared to its average volume of 2,980,000. Skyworks Solutions, Inc. has a 1 year low of $90.53 and a 1 year high of $117.65. The stock has a market cap of $19,230.00, a P/E ratio of 23.73, a P/E/G ratio of 1.03 and a beta of 0.69.

Skyworks Solutions (NASDAQ:SWKS) last posted 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. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business posted $1.61 EPS. The firm’s revenue was up 15.0% on a year-over-year basis. analysts anticipate that Skyworks Solutions, Inc. will post 6.67 EPS for the current year.

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 issued 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 presently 29.02%.

Skyworks Solutions declared that its Board of Directors has approved a share buyback program on Monday, February 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

In other news, insider Liam Griffin sold 15,059 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $95.09, for a total value of $1,431,960.31. Following the completion of the transaction, the insider now owns 62,359 shares in the company, valued at approximately $5,929,717.31. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Peter L. Gammel sold 7,800 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $100.60, for a total transaction of $784,680.00. Following the sale, the insider now owns 12,680 shares of the company’s stock, valued at approximately $1,275,608. The disclosure for this sale can be found here. Insiders have sold a total of 126,028 shares of company stock valued at $13,229,380 in the last quarter. 0.49% of the stock is currently owned by company insiders.

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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.

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

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