KBC Group NV Trims Position in Skyworks Solutions, Inc. (SWKS)

KBC Group NV lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,084 shares of the semiconductor manufacturer’s stock after selling 7,920 shares during the period. KBC Group NV’s holdings in Skyworks Solutions were worth $2,572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Union Bankshares Corp bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $1,912,000. Cullen Frost Bankers Inc. lifted its stake in shares of Skyworks Solutions by 9.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 148,581 shares of the semiconductor manufacturer’s stock valued at $14,108,000 after buying an additional 12,828 shares during the period. Van ECK Associates Corp lifted its stake in shares of Skyworks Solutions by 69.2% in the third quarter. Van ECK Associates Corp now owns 307,568 shares of the semiconductor manufacturer’s stock valued at $31,341,000 after buying an additional 125,792 shares during the period. Pinebridge Investments L.P. lifted its stake in Skyworks Solutions by 88.2% during the third quarter. Pinebridge Investments L.P. now owns 108,618 shares of the semiconductor manufacturer’s stock worth $11,069,000 after purchasing an additional 50,898 shares during the period. Finally, Gateway Investment Advisers LLC lifted its stake in Skyworks Solutions by 18.2% during the fourth quarter. Gateway Investment Advisers LLC now owns 170,791 shares of the semiconductor manufacturer’s stock worth $16,217,000 after purchasing an additional 26,237 shares during the period. Institutional investors and hedge funds own 81.06% of the company’s stock.

Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) opened at $106.41 on Wednesday. The firm has a market cap of $19,420.00, a P/E ratio of 24.13, a PEG ratio of 1.03 and a beta of 0.69. Skyworks Solutions, Inc. has a fifty-two week low of $93.02 and a fifty-two week high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.09. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted $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.

The business 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 $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio is currently 29.02%.

Skyworks Solutions announced that its Board of Directors has authorized a share repurchase plan on Monday, February 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. ValuEngine upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Needham & Company LLC restated a “buy” rating on shares of Skyworks Solutions in a research note on Tuesday, February 6th. Finally, B. Riley cut their price target on shares of Skyworks Solutions from $131.00 to $128.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. Skyworks Solutions has an average rating of “Buy” and an average target price of $115.93.

In related news, SVP Carlos S. Bori sold 3,850 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $98.15, for a total value of $377,877.50. Following the completion of the sale, the senior vice president now owns 11,372 shares of the company’s stock, valued at $1,116,161.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Liam Griffin sold 15,059 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $95.09, for a total transaction of $1,431,960.31. Following the completion of the sale, the insider now directly owns 62,359 shares of the company’s stock, valued at approximately $5,929,717.31. The disclosure for this sale can be found here. In the last three months, insiders sold 62,248 shares of company stock valued at $6,147,652. 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.

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

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