First Allied Advisory Services Inc. boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 23.2% in the fourth quarter, Holdings Channel reports. The firm owned 19,272 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,626 shares during the period. First Allied Advisory Services Inc.’s holdings in Skyworks Solutions were worth $1,826,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. D.A. Davidson & CO. lifted its position in shares of Skyworks Solutions by 15.7% in the fourth quarter. D.A. Davidson & CO. now owns 10,023 shares of the semiconductor manufacturer’s stock worth $952,000 after buying an additional 1,358 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Skyworks Solutions by 5.5% in the fourth quarter. Advisory Services Network LLC now owns 16,783 shares of the semiconductor manufacturer’s stock worth $1,594,000 after buying an additional 870 shares during the last quarter. Global X Management Co. LLC lifted its position in shares of Skyworks Solutions by 53.5% in the fourth quarter. Global X Management Co. LLC now owns 54,817 shares of the semiconductor manufacturer’s stock worth $5,205,000 after buying an additional 19,099 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Skyworks Solutions by 13.5% in the fourth quarter. Toronto Dominion Bank now owns 79,148 shares of the semiconductor manufacturer’s stock worth $7,515,000 after buying an additional 9,419 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Skyworks Solutions by 1.2% in the fourth quarter. Wells Fargo & Company MN now owns 964,611 shares of the semiconductor manufacturer’s stock worth $91,590,000 after buying an additional 11,376 shares during the last quarter. 81.22% of the stock is owned by institutional investors.
In related news, SVP Carlos S. Bori sold 3,745 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $109.53, for a total transaction of $410,189.85. Following the transaction, the senior vice president now directly owns 14,723 shares in the company, valued at $1,612,610.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Liam Griffin sold 16,250 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $109.52, for a total value 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 82,243 shares of company stock worth $8,337,541 over the last 90 days. Corporate insiders own 0.49% of the company’s stock.
Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $104.11 on Monday. Skyworks Solutions, Inc. has a 12 month low of $91.92 and a 12 month high of $117.65. The stock has a market capitalization of $19,000.00, a PE ratio of 23.61, a P/E/G ratio of 1.03 and a beta of 0.69.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.09. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $1.61 earnings per share. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. equities analysts forecast that Skyworks Solutions, Inc. will post 6.67 EPS for the current fiscal year.
Skyworks Solutions declared that its Board of Directors has initiated a stock 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 repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
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 paid 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 dividend payout ratio is 29.02%.
SWKS has been the subject of a number of analyst reports. Zacks Investment Research raised Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley boosted their price target on Skyworks Solutions from $86.00 to $88.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research report on Wednesday, December 27th. Vetr cut Skyworks Solutions from a “buy” rating to a “hold” rating and set a $114.92 price target for the company. in a research report on Monday, October 30th. Finally, BMO Capital Markets raised 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. Two 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 company. The stock presently has an average rating of “Buy” and an average 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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