Two Sigma Advisers LP lowered its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,400 shares of the semiconductor manufacturer’s stock after selling 6,281 shares during the period. Two Sigma Advisers LP’s holdings in Skyworks Solutions were worth $2,373,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in SWKS. Capital International Investors acquired a new stake in shares of Skyworks Solutions during the third quarter worth $326,736,000. Oregon Public Employees Retirement Fund increased its stake in Skyworks Solutions by 6,143.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,733,478 shares of the semiconductor manufacturer’s stock valued at $41,000 after buying an additional 2,689,698 shares during the period. Congress Asset Management Co. MA raised its position in Skyworks Solutions by 1,249.8% during the 4th quarter. Congress Asset Management Co. MA now owns 978,386 shares of the semiconductor manufacturer’s stock worth $65,571,000 after buying an additional 905,902 shares during the last quarter. DNB Asset Management AS raised its position in Skyworks Solutions by 2,998.1% during the 4th quarter. DNB Asset Management AS now owns 781,216 shares of the semiconductor manufacturer’s stock worth $52,357,000 after buying an additional 756,000 shares during the last quarter. Finally, LSV Asset Management raised its position in Skyworks Solutions by 30.1% during the 4th quarter. LSV Asset Management now owns 2,410,600 shares of the semiconductor manufacturer’s stock worth $161,558,000 after buying an additional 558,200 shares during the last quarter. 82.03% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director David J. Aldrich sold 3,000 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $81.05, for a total value of $243,150.00. Following the completion of the transaction, the director now owns 203,922 shares in the company, valued at $16,527,878.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Peter L. Gammel sold 2,652 shares of the firm’s stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $68.45, for a total value of $181,529.40. Following the completion of the transaction, the chief technology officer now owns 15,123 shares of the company’s stock, valued at approximately $1,035,169.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,001 shares of company stock valued at $3,668,948. 0.47% of the stock is currently owned by insiders.
Shares of Skyworks Solutions stock opened at $86.80 on Friday. Skyworks Solutions Inc has a 12-month low of $60.12 and a 12-month high of $104.20. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 1.32 and a beta of 0.68.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.12. The business had revenue of $972.00 million for the quarter, compared to analyst estimates of $974.70 million. Skyworks Solutions had a return on equity of 29.30% and a net margin of 29.91%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.00 EPS. As a group, equities research analysts anticipate that Skyworks Solutions Inc will post 6.01 EPS for the current year.
Skyworks Solutions announced that its board has approved a stock repurchase program on Tuesday, February 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 15.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Tuesday, February 26th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, February 25th. This represents a $1.52 annualized dividend and a yield of 1.75%. Skyworks Solutions’s dividend payout ratio is presently 22.93%.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets increased their price target on shares of Skyworks Solutions to $94.00 and gave the stock a “positive” rating in a report on Wednesday, February 6th. ValuEngine raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. DA Davidson restated a “positive” rating and issued a $95.00 price objective on shares of Skyworks Solutions in a research report on Thursday, February 7th. Finally, BidaskClub raised Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $93.00.
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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