MUFG Securities EMEA plc decreased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 59.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,052 shares of the semiconductor manufacturer’s stock after selling 4,400 shares during the quarter. MUFG Securities EMEA plc’s holdings in Skyworks Solutions were worth $290,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Harvey Capital Management Inc. purchased a new position in Skyworks Solutions during the fourth quarter worth approximately $3,376,000. Sandy Spring Bank boosted its position in Skyworks Solutions by 32.5% during the fourth quarter. Sandy Spring Bank now owns 13,444 shares of the semiconductor manufacturer’s stock worth $1,277,000 after purchasing an additional 3,299 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in Skyworks Solutions by 3.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 35,294 shares of the semiconductor manufacturer’s stock worth $3,351,000 after purchasing an additional 1,175 shares in the last quarter. CIBC Asset Management Inc boosted its position in Skyworks Solutions by 2.4% during the fourth quarter. CIBC Asset Management Inc now owns 31,270 shares of the semiconductor manufacturer’s stock worth $2,969,000 after purchasing an additional 736 shares in the last quarter. Finally, Checchi Capital Advisers LLC purchased a new position in Skyworks Solutions during the fourth quarter worth approximately $224,000. Hedge funds and other institutional investors own 81.77% of the company’s stock.
In related news, CEO Liam Griffin sold 12,141 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $110.95, for a total value of $1,347,043.95. Following the completion of the sale, the chief executive officer now owns 49,514 shares of the company’s stock, valued at $5,493,578.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Robert John Terry sold 7,986 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $110.32, for a total value of $881,015.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 169,664 shares of company stock valued at $18,031,219. Insiders own 0.49% of the company’s stock.
Skyworks Solutions, Inc. (SWKS) opened at $94.68 on Tuesday. The firm has a market capitalization of $18,056.98, a P/E ratio of 17.50, a PEG ratio of 1.03 and a beta of 0.69. Skyworks Solutions, Inc. has a 1 year low of $90.53 and a 1 year high of $117.65.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Monday, November 6th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.05. The business had revenue of $984.60 million for the quarter, compared to the consensus estimate of $980.58 million. Skyworks Solutions had a return on equity of 29.17% and a net margin of 27.67%. analysts forecast that Skyworks Solutions, Inc. will post 6.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.35%. Skyworks Solutions’s dividend payout ratio is presently 23.66%.
A number of equities analysts have issued reports on the company. Vetr upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $118.57 price target on the stock in a research report on Tuesday, November 7th. Zacks Investment Research downgraded Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. DA Davidson reiterated a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Barclays increased their price target on Skyworks Solutions from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Skyworks Solutions in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-three have given a buy rating to the company. Skyworks Solutions has an average rating of “Buy” and a consensus price target of $115.85.
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Skyworks Solutions Profile
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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