Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 4.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 41,830 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,602 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Skyworks Solutions were worth $3,973,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in SWKS. BlackRock Inc. grew its stake in Skyworks Solutions by 8.9% in the 4th quarter. BlackRock Inc. now owns 13,206,360 shares of the semiconductor manufacturer’s stock valued at $1,253,946,000 after buying an additional 1,076,214 shares during the last quarter. Lazard Asset Management LLC grew its stake in Skyworks Solutions by 21.6% in the 4th quarter. Lazard Asset Management LLC now owns 5,616,559 shares of the semiconductor manufacturer’s stock valued at $533,291,000 after buying an additional 998,446 shares during the last quarter. Vulcan Value Partners LLC grew its stake in Skyworks Solutions by 26.1% in the 4th quarter. Vulcan Value Partners LLC now owns 4,230,322 shares of the semiconductor manufacturer’s stock valued at $401,669,000 after buying an additional 876,101 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Skyworks Solutions in the 4th quarter valued at about $40,580,000. Finally, Roystone Capital Management LP acquired a new position in Skyworks Solutions in the 4th quarter valued at about $33,660,000. Institutional investors own 83.17% of the company’s stock.
SWKS has been the topic of a number of research reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research note on Wednesday, December 27th. Vetr lowered shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $108.40 price target on the stock. in a research note on Wednesday, January 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research note on Wednesday, January 24th. Drexel Hamilton reiterated a “buy” rating and issued a $128.00 price target on shares of Skyworks Solutions in a research note on Monday, February 5th. Finally, UBS upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $117.09.
Skyworks Solutions Inc (NASDAQ SWKS) opened at $109.33 on Tuesday. The company has a market cap of $20,188.07, a P/E ratio of 24.79, a P/E/G ratio of 1.10 and a beta of 0.55. Skyworks Solutions Inc has a 52 week low of $93.05 and a 52 week high of $117.65.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Monday, February 5th. The semiconductor manufacturer reported $2.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.61 EPS. equities analysts anticipate that Skyworks Solutions Inc will post 6.67 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 22nd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.17%. The ex-dividend date was Wednesday, February 21st. Skyworks Solutions’s payout ratio is 29.03%.
Skyworks Solutions declared that its Board of Directors has approved a stock buyback plan on Monday, February 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
In related news, Chairman David J. Aldrich sold 30,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $106.00, for a total value of $3,180,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Carlos S. Bori sold 3,083 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $98.00, for a total transaction of $302,134.00. Following the completion of the transaction, the senior vice president now directly owns 12,455 shares of the company’s stock, valued at approximately $1,220,590. The disclosure for this sale can be found here. In the last three months, insiders sold 99,133 shares of company stock valued at $10,717,872. 0.49% of the stock is owned by insiders.
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Skyworks Solutions Company 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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