Creative Planning Decreases Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Creative Planning decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,265 shares of the semiconductor manufacturer’s stock after selling 6,990 shares during the period. Creative Planning’s holdings in Skyworks Solutions were worth $4,108,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Financial Engines Advisors L.L.C. purchased a new position in shares of Skyworks Solutions during the third quarter valued at about $126,000. WFG Advisors LP grew its position in shares of Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after purchasing an additional 171 shares in the last quarter. Sun Life Financial INC grew its position in shares of Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after purchasing an additional 1,136 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Skyworks Solutions in the second quarter worth about $202,000. Finally, Round Table Services LLC purchased a new position in Skyworks Solutions in the third quarter worth about $204,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) traded up $1.46 during trading hours on Monday, reaching $104.10. 3,039,181 shares of the company were exchanged, compared to its average volume of 2,900,000. The company has a market capitalization of $19,130.00, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 1.02 and a beta of 0.69. Skyworks Solutions, Inc. has a 52 week low of $90.53 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, topping analysts’ consensus estimates of $1.91 by $0.09. The company 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%. Skyworks Solutions’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 earnings per share. equities research analysts forecast that Skyworks Solutions, Inc. will post 6.67 EPS for the current year.

Skyworks Solutions declared that its board has initiated a stock buyback program on Monday, February 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio (DPR) is 29.02%.

In other Skyworks Solutions news, Chairman David J. Aldrich sold 45,000 shares of Skyworks Solutions stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $110.08, for a total value of $4,953,600.00. Following the transaction, the chairman now directly owns 184,842 shares of the company’s stock, valued at $20,347,407.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Liam Griffin sold 11,285 shares of Skyworks Solutions stock in a transaction on Friday, November 17th. The stock was sold at an average price of $109.68, for a total transaction of $1,237,738.80. Following the completion of the transaction, the chief executive officer now directly owns 57,332 shares in the company, valued at $6,288,173.76. The disclosure for this sale can be found here. Insiders sold 137,405 shares of company stock valued at $14,462,209 in the last three months. 0.49% of the stock is currently owned by insiders.

Several research analysts recently commented on the company. Vetr upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $118.57 price target for the company in a research report on Tuesday, November 7th. Zacks Investment Research lowered Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Barclays lifted 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. DA Davidson reiterated a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Skyworks Solutions in a research report on Tuesday, February 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Skyworks Solutions presently has an average rating of “Buy” and a consensus target price of $115.93.

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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.

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

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