Skyworks Solutions Inc (SWKS) Stake Boosted by Burney Co.

Burney Co. raised its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,556 shares of the semiconductor manufacturer’s stock after buying an additional 521 shares during the period. Burney Co.’s holdings in Skyworks Solutions were worth $838,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SWKS. Norges Bank bought a new stake in Skyworks Solutions during the fourth quarter worth approximately $134,561,000. Boston Partners bought a new stake in Skyworks Solutions during the first quarter worth approximately $82,702,000. APG Asset Management N.V. increased its stake in Skyworks Solutions by 86.7% in the first quarter. APG Asset Management N.V. now owns 958,300 shares of the semiconductor manufacturer’s stock worth $93,894,000 after buying an additional 444,887 shares during the period. State Street Corp increased its stake in Skyworks Solutions by 5.4% in the fourth quarter. State Street Corp now owns 7,700,222 shares of the semiconductor manufacturer’s stock worth $574,898,000 after buying an additional 395,998 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Skyworks Solutions by 1,322.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 315,701 shares of the semiconductor manufacturer’s stock worth $23,614,000 after buying an additional 293,513 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.

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

Shares of Skyworks Solutions Inc (SWKS) traded down 1.47% on Tuesday, hitting $102.53. 542,879 shares of the company traded hands. Skyworks Solutions Inc has a 12 month low of $57.11 and a 12 month high of $112.11. The stock’s 50-day moving average price is $104.31 and its 200-day moving average price is $93.77. The company has a market capitalization of $18.92 billion, a PE ratio of 21.14 and a beta of 0.77.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, April 27th. The semiconductor manufacturer reported $1.33 EPS for the quarter, beating the consensus estimate of $1.30 by $0.03. Skyworks Solutions had a net margin of 26.41% and a return on equity of 24.21%. The firm had revenue of $851.70 million during the quarter, compared to the consensus estimate of $840.43 million. During the same quarter in the prior year, the firm earned $1.25 EPS. Skyworks Solutions’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts predict that Skyworks Solutions Inc will post $6.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 16th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, May 12th. This represents a $1.12 dividend on an annualized basis and a yield of 1.08%. Skyworks Solutions’s payout ratio is currently 23.05%.

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A number of equities research analysts have commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $120.00 target price on shares of Skyworks Solutions in a research report on Friday, April 28th. Vetr downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $112.92 price objective for the company. in a research report on Thursday, April 20th. Drexel Hamilton boosted their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Barclays PLC boosted their price objective on shares of Skyworks Solutions from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, April 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $108.00 target price (up previously from $92.00) on shares of Skyworks Solutions in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Skyworks Solutions currently has an average rating of “Buy” and a consensus target price of $101.33.

In other Skyworks Solutions news, Director Christine King sold 3,500 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $108.84, for a total transaction of $380,940.00. Following the completion of the transaction, the director now owns 16,436 shares in the company, valued at approximately $1,788,894.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David J. Aldrich sold 47,475 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $102.00, for a total transaction of $4,842,450.00. Following the transaction, the insider now owns 191,731 shares of the company’s stock, valued at approximately $19,556,562. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,958 shares of company stock valued at $9,658,971. 0.49% of the stock is owned by insiders.

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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