Skyworks Solutions, Inc. (SWKS) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,918 shares of the semiconductor manufacturer’s stock after selling 1,190 shares during the quarter. Montag A & Associates Inc.’s holdings in Skyworks Solutions were worth $752,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SWKS. Old Mutual Global Investors UK Ltd. lifted its stake in Skyworks Solutions by 27.9% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock worth $170,262,000 after purchasing an additional 364,933 shares in the last quarter. APG Asset Management N.V. lifted its stake in Skyworks Solutions by 23.9% in the 3rd quarter. APG Asset Management N.V. now owns 1,286,939 shares of the semiconductor manufacturer’s stock worth $131,139,000 after purchasing an additional 248,200 shares in the last quarter. Schroder Investment Management Group lifted its stake in Skyworks Solutions by 98.0% in the 3rd quarter. Schroder Investment Management Group now owns 487,824 shares of the semiconductor manufacturer’s stock worth $49,388,000 after purchasing an additional 241,491 shares in the last quarter. Manning & Napier Advisors LLC lifted its stake in Skyworks Solutions by 9.3% in the 3rd quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock worth $223,182,000 after purchasing an additional 186,077 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Skyworks Solutions by 69.2% in the 3rd quarter. Van ECK Associates Corp now owns 307,568 shares of the semiconductor manufacturer’s stock worth $31,341,000 after purchasing an additional 125,792 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Skyworks Solutions, Inc. (SWKS) opened at $104.11 on Friday. The company has a market cap of $19,044.82, a PE ratio of 23.61, a P/E/G ratio of 1.03 and a beta of 0.69. Skyworks Solutions, Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 EPS for the quarter, beating the consensus estimate of $1.91 by $0.09. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 EPS. equities analysts expect 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. Investors of record on Thursday, February 22nd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.28 annualized dividend and a yield of 1.23%. Skyworks Solutions’s payout ratio is 29.03%.

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

SWKS has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. BMO Capital Markets upgraded shares of Skyworks Solutions from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on shares of Skyworks Solutions from $86.00 to $88.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 13th. Drexel Hamilton reiterated a “buy” rating and issued a $128.00 price target (up previously from $120.00) on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Finally, BidaskClub cut shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Two investment 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’s stock. The company has a consensus rating of “Buy” and an average price target of $115.93.

In related news, CTO Peter L. Gammel sold 7,305 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $96.50, for a total transaction of $704,932.50. Following the transaction, the chief technology officer now directly owns 16,285 shares in the company, valued at approximately $1,571,502.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Liam Griffin sold 16,250 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $109.52, for a total transaction of $1,779,700.00. Following the transaction, the chief executive officer now owns 65,397 shares in the company, valued at $7,162,279.44. The disclosure for this sale can be found here. Insiders have sold a total of 82,243 shares of company stock worth $8,337,541 over the last quarter. 0.49% of the stock is currently owned by insiders.

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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.

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

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