Campbell Capital Management Inc. lifted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,925 shares of the semiconductor manufacturer’s stock after buying an additional 100 shares during the quarter. Skyworks Solutions comprises approximately 1.3% of Campbell Capital Management Inc.’s holdings, making the stock its 23rd biggest position. Campbell Capital Management Inc.’s holdings in Skyworks Solutions were worth $2,738,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Skyworks Solutions by 4.5% in the fourth quarter. BlackRock Inc. now owns 15,290,274 shares of the semiconductor manufacturer’s stock valued at $2,337,577,000 after buying an additional 653,981 shares in the last quarter. Norges Bank bought a new position in shares of Skyworks Solutions in the fourth quarter valued at $287,863,000. Artisan Partners Limited Partnership grew its stake in shares of Skyworks Solutions by 5.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,872,462 shares of the semiconductor manufacturer’s stock valued at $286,262,000 after buying an additional 94,910 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Skyworks Solutions by 9.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,231,193 shares of the semiconductor manufacturer’s stock valued at $188,225,000 after buying an additional 111,291 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Skyworks Solutions by 20.0% in the fourth quarter. First Trust Advisors LP now owns 1,175,313 shares of the semiconductor manufacturer’s stock valued at $179,682,000 after buying an additional 195,891 shares in the last quarter. 76.32% of the stock is owned by institutional investors and hedge funds.
SWKS stock traded up $1.71 during trading on Thursday, hitting $188.94. The company had a trading volume of 27,196 shares, compared to its average volume of 2,424,673. The business has a 50-day moving average of $180.03 and a 200-day moving average of $159.27. Skyworks Solutions, Inc. has a one year low of $88.08 and a one year high of $195.82. The stock has a market cap of $31.19 billion, a PE ratio of 39.09, a PEG ratio of 1.86 and a beta of 1.21.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, January 28th. The semiconductor manufacturer reported $3.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $1.27. Skyworks Solutions had a return on equity of 21.36% and a net margin of 24.28%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the business posted $1.68 earnings per share. The firm’s revenue was up 68.5% on a year-over-year basis. Equities analysts expect that Skyworks Solutions, Inc. will post 6.53 earnings per share for the current fiscal year.
Skyworks Solutions declared that its Board of Directors has initiated a stock buyback plan on Thursday, January 28th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 9th. Shareholders of record on Tuesday, February 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, February 12th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 38.39%.
In other Skyworks Solutions news, CEO Liam Griffin sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $180.35, for a total value of $676,312.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.
Several research firms recently weighed in on SWKS. Mizuho raised their target price on shares of Skyworks Solutions from $174.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, January 29th. Susquehanna lifted their price objective on shares of Skyworks Solutions from $160.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 29th. They noted that the move was a valuation call. Citigroup lifted their price objective on shares of Skyworks Solutions from $137.00 to $164.00 and gave the stock a “neutral” rating in a research report on Monday, January 25th. Cascend Securities lifted their price objective on shares of Skyworks Solutions from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $135.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, March 10th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $175.72.
Skyworks Solutions Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode 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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