Polaris Greystone Financial Group LLC boosted its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 539.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 267,769 shares of the semiconductor manufacturer’s stock after acquiring an additional 225,871 shares during the period. Skyworks Solutions makes up approximately 2.2% of Polaris Greystone Financial Group LLC’s investment portfolio, making the stock its 12th largest holding. Polaris Greystone Financial Group LLC owned 0.16% of Skyworks Solutions worth $32,960,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Allred Capital Management LLC acquired a new stake in shares of Skyworks Solutions in the 4th quarter valued at about $27,000. Sugarloaf Wealth Management LLC acquired a new position in Skyworks Solutions during the fourth quarter worth approximately $30,000. Mechanics Bank Trust Department acquired a new position in Skyworks Solutions during the third quarter worth approximately $25,000. Squar Milner Financial Services LLC increased its position in Skyworks Solutions by 492.6% during the third quarter. Squar Milner Financial Services LLC now owns 320 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 266 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Skyworks Solutions during the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 82.95% of the company’s stock.
Several equities research analysts recently issued reports on the company. Robert W. Baird reiterated an “outperform” rating and issued a $150.00 price target (up from $105.00) on shares of Skyworks Solutions in a research note on Friday, January 24th. Needham & Company LLC boosted their price objective on shares of Skyworks Solutions from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Cowen upped their price target on shares of Skyworks Solutions from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Citigroup upped their price target on shares of Skyworks Solutions from $125.00 to $127.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Longbow Research increased their price objective on Skyworks Solutions from $138.00 to $142.00 and gave the company a “positive” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $116.25.
In related news, Director David J. Aldrich sold 40,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $97.47, for a total transaction of $3,898,800.00. Following the sale, the director now owns 213,032 shares of the company’s stock, valued at $20,764,229.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Liam Griffin sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $96.34, for a total transaction of $1,445,100.00. Following the sale, the chief executive officer now directly owns 69,537 shares in the company, valued at approximately $6,699,194.58. The disclosure for this sale can be found here. Insiders have sold 263,363 shares of company stock worth $27,815,318 in the last three months. 0.64% of the stock is currently owned by insiders.
Shares of NASDAQ SWKS traded down $2.53 during midday trading on Friday, hitting $113.70. 1,165,903 shares of the company traded hands, compared to its average volume of 2,525,572. Skyworks Solutions Inc has a 12-month low of $66.29 and a 12-month high of $128.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 7.04. The stock has a 50-day moving average price of $119.87 and a 200 day moving average price of $94.49. The firm has a market cap of $20.06 billion, a P/E ratio of 23.79, a P/E/G ratio of 1.38 and a beta of 1.12.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor manufacturer reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.16. Skyworks Solutions had a net margin of 25.02% and a return on equity of 23.03%. The company had revenue of $896.10 million for the quarter, compared to analysts’ expectations of $881.80 million. During the same quarter in the previous year, the company earned $1.83 earnings per share. Skyworks Solutions’s quarterly revenue was down 7.8% on a year-over-year basis. As a group, equities analysts expect that Skyworks Solutions Inc will post 5.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 11th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, February 10th. Skyworks Solutions’s payout ratio is currently 30.82%.
Skyworks Solutions Profile
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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