Oregon Public Employees Retirement Fund Sells 580 Shares of Skyworks Solutions Inc (SWKS)

Oregon Public Employees Retirement Fund decreased its holdings in Skyworks Solutions Inc (NASDAQ:SWKS) by 1.4% in the 1st quarter, HoldingsChannel reports. The firm owned 40,206 shares of the semiconductor manufacturer’s stock after selling 580 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Skyworks Solutions were worth $3,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SWKS. BlackRock Inc. grew its stake in Skyworks Solutions by 3.0% during the fourth quarter. BlackRock Inc. now owns 13,271,115 shares of the semiconductor manufacturer’s stock valued at $889,431,000 after acquiring an additional 385,052 shares in the last quarter. Geode Capital Management LLC grew its stake in Skyworks Solutions by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock valued at $180,234,000 after acquiring an additional 242,983 shares in the last quarter. Northern Trust Corp grew its stake in Skyworks Solutions by 6.1% during the fourth quarter. Northern Trust Corp now owns 2,441,004 shares of the semiconductor manufacturer’s stock valued at $163,596,000 after acquiring an additional 139,555 shares in the last quarter. LSV Asset Management grew its stake in Skyworks Solutions by 30.1% during the fourth quarter. LSV Asset Management now owns 2,410,600 shares of the semiconductor manufacturer’s stock valued at $161,558,000 after acquiring an additional 558,200 shares in the last quarter. Finally, FMR LLC grew its stake in Skyworks Solutions by 49.6% during the fourth quarter. FMR LLC now owns 2,146,909 shares of the semiconductor manufacturer’s stock valued at $143,886,000 after acquiring an additional 712,274 shares in the last quarter. Hedge funds and other institutional investors own 82.63% of the company’s stock.

In other news, CTO Peter L. Gammel sold 2,250 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $77.43, for a total value of $174,217.50. Following the sale, the chief technology officer now directly owns 11,490 shares of the company’s stock, valued at approximately $889,670.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Peter L. Gammel sold 1,881 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $93.53, for a total transaction of $175,929.93. Following the completion of the sale, the chief technology officer now directly owns 9,240 shares in the company, valued at $864,217.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,315 shares of company stock worth $9,981,691. Insiders own 0.64% of the company’s stock.

SWKS has been the subject of several recent analyst reports. B. Riley raised shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $90.00 in a research note on Monday, January 28th. Goldman Sachs Group raised shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Wednesday, February 6th. BidaskClub raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Mizuho reissued a “hold” rating and issued a $89.00 price target on shares of Skyworks Solutions in a research note on Friday, May 3rd. Finally, TheStreet raised shares of Skyworks Solutions from a “c+” rating to a “b-” rating in a research note on Wednesday, February 27th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $90.28.

Shares of Skyworks Solutions stock opened at $69.74 on Wednesday. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 1.01 and a beta of 0.70. Skyworks Solutions Inc has a 12-month low of $60.12 and a 12-month high of $104.20.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.04. The business had revenue of $810.40 million for the quarter, compared to the consensus estimate of $809.52 million. Skyworks Solutions had a net margin of 29.06% and a return on equity of 28.25%. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 EPS. As a group, equities research analysts predict that Skyworks Solutions Inc will post 6.11 earnings per share for the current year.

Skyworks Solutions announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 15.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Monday, May 20th. Skyworks Solutions’s payout ratio is currently 22.93%.

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About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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