CIBC World Markets Inc. grew its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 106.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,082 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,165 shares during the period. CIBC World Markets Inc.’s holdings in Skyworks Solutions were worth $810,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Skyworks Solutions by 78.3% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,700 shares of the semiconductor manufacturer’s stock valued at $1,016,000 after acquiring an additional 4,700 shares during the period. Deutsche Bank AG raised its stake in shares of Skyworks Solutions by 7.3% in the 4th quarter. Deutsche Bank AG now owns 1,315,169 shares of the semiconductor manufacturer’s stock valued at $124,868,000 after acquiring an additional 89,010 shares during the period. Roystone Capital Management LP purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $33,660,000. Snow Capital Management LP raised its stake in shares of Skyworks Solutions by 3.4% in the 4th quarter. Snow Capital Management LP now owns 339,772 shares of the semiconductor manufacturer’s stock valued at $32,261,000 after acquiring an additional 11,047 shares during the period. Finally, Profund Advisors LLC raised its stake in shares of Skyworks Solutions by 19.3% in the 4th quarter. Profund Advisors LLC now owns 55,379 shares of the semiconductor manufacturer’s stock valued at $5,258,000 after acquiring an additional 8,943 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Peter L. Gammel sold 9,000 shares of the company’s stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $99.19, for a total value of $892,710.00. Following the completion of the transaction, the insider now owns 21,420 shares in the company, valued at approximately $2,124,649.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christine King sold 2,401 shares of the company’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $97.67, for a total transaction of $234,505.67. Following the completion of the transaction, the director now owns 14,928 shares of the company’s stock, valued at approximately $1,458,017.76. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.
NASDAQ SWKS opened at $97.06 on Tuesday. Skyworks Solutions Inc has a 52 week low of $86.13 and a 52 week high of $117.65. The company has a market cap of $17.60 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.15 and a beta of 0.63.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, May 3rd. The semiconductor manufacturer reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Skyworks Solutions had a net margin of 22.69% and a return on equity of 30.35%. The company had revenue of $913.40 million during the quarter, compared to analysts’ expectations of $911.02 million. During the same quarter in the previous year, the business posted $1.45 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. equities analysts forecast that Skyworks Solutions Inc will post 6.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Stockholders of record on Tuesday, May 22nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, May 21st. Skyworks Solutions’s payout ratio is 21.40%.
A number of research firms have recently issued reports on SWKS. Benchmark began coverage on shares of Skyworks Solutions in a research note on Friday, June 15th. They issued a “buy” rating and a $114.00 price target on the stock. BidaskClub downgraded shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Raymond James downgraded shares of Skyworks Solutions from an “outperform” rating to a “market perform” rating in a research note on Friday, May 18th. UBS Group initiated coverage on shares of Skyworks Solutions in a research note on Wednesday, April 4th. They set a “neutral” rating and a $105.00 target price on the stock. Finally, Loop Capital initiated coverage on shares of Skyworks Solutions in a research note on Thursday, June 21st. They set a “buy” rating and a $130.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $115.30.
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, 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 shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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