Utah Retirement Systems continued to hold its position in Skyworks Solutions Inc (NASDAQ:SWKS) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,681 shares of the semiconductor manufacturer’s stock at the end of the first quarter. Utah Retirement Systems’ holdings in Skyworks Solutions were worth $3,398,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of SWKS. Cim LLC boosted its position in Skyworks Solutions by 3.6% in the first quarter. Cim LLC now owns 6,118 shares of the semiconductor manufacturer’s stock worth $599,000 after buying an additional 215 shares during the last quarter. USA Financial Portformulas Corp bought a new stake in Skyworks Solutions during the fourth quarter worth $1,369,000. Advisory Services Network LLC bought a new stake in Skyworks Solutions during the first quarter worth $1,340,000. Contravisory Investment Management Inc. bought a new stake in Skyworks Solutions during the first quarter worth $6,378,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Skyworks Solutions by 3.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 29,878 shares of the semiconductor manufacturer’s stock worth $2,927,000 after buying an additional 886 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.
Skyworks Solutions Inc (SWKS) traded down 1.37% during trading on Tuesday, hitting $102.63. The stock had a trading volume of 437,823 shares. The company’s 50 day moving average is $104.31 and its 200 day moving average is $93.77. The firm has a market cap of $18.94 billion, a PE ratio of 21.16 and a beta of 0.77. Skyworks Solutions Inc has a 52-week low of $57.11 and a 52-week high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, April 27th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.03. The firm had revenue of $851.70 million for the quarter, compared to analyst estimates of $840.43 million. Skyworks Solutions had a net margin of 26.41% and a return on equity of 24.21%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. Equities research analysts forecast that Skyworks Solutions Inc will post $6.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 16th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, May 12th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 23.05%.
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A number of equities research analysts have recently weighed in on SWKS shares. Vetr lowered Skyworks Solutions from a “hold” rating to a “sell” rating and set a $90.47 target price for the company. in a research note on Monday, February 20th. MKM Partners reissued a “buy” rating and issued a $109.00 target price on shares of Skyworks Solutions in a research note on Wednesday, February 22nd. Goldman Sachs Group, Inc. (The) boosted their target price on Skyworks Solutions from $81.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, March 6th. Barclays PLC boosted their target price on Skyworks Solutions from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, March 6th. Finally, Canaccord Genuity boosted their target price on Skyworks Solutions from $96.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, March 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Skyworks Solutions currently has an average rating of “Buy” and an average target price of $101.33.
In other Skyworks Solutions news, insider Peter L. Gammel sold 1,500 shares of the company’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $97.92, for a total value of $146,880.00. Following the sale, the insider now directly owns 17,605 shares of the company’s stock, valued at $1,723,881.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David J. Aldrich sold 47,475 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $102.00, for a total transaction of $4,842,450.00. Following the completion of the sale, the insider now directly owns 191,731 shares in the company, valued at $19,556,562. The disclosure for this sale can be found here. Insiders have sold 94,958 shares of company stock worth $9,658,971 over the last three months. Corporate insiders own 0.49% of the company’s stock.
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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