Montag A & Associates Inc. lifted its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,177 shares of the semiconductor manufacturer’s stock after purchasing an additional 300 shares during the period. Montag A & Associates Inc.’s holdings in Skyworks Solutions were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aviance Capital Partners LLC bought a new position in Skyworks Solutions during the 1st quarter worth $566,000. Alps Advisors Inc. raised its position in shares of Skyworks Solutions by 83.8% in the 1st quarter. Alps Advisors Inc. now owns 11,471 shares of the semiconductor manufacturer’s stock worth $946,000 after acquiring an additional 5,229 shares in the last quarter. Montag & Caldwell LLC raised its position in shares of Skyworks Solutions by 4.2% in the 1st quarter. Montag & Caldwell LLC now owns 3,489 shares of the semiconductor manufacturer’s stock worth $288,000 after acquiring an additional 140 shares in the last quarter. D Orazio & Associates Inc. raised its position in shares of Skyworks Solutions by 166.7% in the 1st quarter. D Orazio & Associates Inc. now owns 1,600 shares of the semiconductor manufacturer’s stock worth $132,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Pendal Group Ltd grew its stake in shares of Skyworks Solutions by 3,777.9% in the 1st quarter. Pendal Group Ltd now owns 71,469 shares of the semiconductor manufacturer’s stock valued at $5,895,000 after buying an additional 69,626 shares during the period. Institutional investors own 81.10% of the company’s stock.
In related news, Director David J. Aldrich sold 5,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $83.13, for a total value of $415,650.00. Following the completion of the transaction, the director now directly owns 203,032 shares in the company, valued at $16,878,050.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Peter L. Gammel sold 2,250 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $77.43, for a total transaction of $174,217.50. Following the completion of the transaction, the chief technology officer now owns 11,490 shares of the company’s stock, valued at $889,670.70. The disclosure for this sale can be found here. Insiders have sold a total of 114,315 shares of company stock valued at $9,981,691 over the last 90 days. Company insiders own 0.64% of the company’s stock.
Several analysts have recently commented on SWKS shares. TheStreet upgraded Skyworks Solutions from a “c+” rating to a “b-” rating in a research note on Wednesday, February 27th. Cowen restated a “market perform” rating and issued a $95.00 target price (up from $80.00) on shares of Skyworks Solutions in a research note on Friday, May 3rd. Zacks Investment Research downgraded Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. BidaskClub upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, ValuEngine upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $90.28.
SWKS stock traded up $0.53 during midday trading on Wednesday, reaching $68.54. 1,535,470 shares of the company’s stock traded hands, compared to its average volume of 2,091,571. Skyworks Solutions Inc has a 52 week low of $60.12 and a 52 week high of $104.20. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.00 and a beta of 0.70.
Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. Skyworks Solutions had a net margin of 29.06% and a return on equity of 28.25%. The business had revenue of $810.40 million for the quarter, compared to analysts’ expectations of $809.52 million. During the same quarter in the previous year, the firm posted $1.64 EPS. The business’s revenue for the quarter was down 11.3% compared to the same quarter last year. As a group, analysts forecast that Skyworks Solutions Inc will post 6.11 EPS for the current fiscal year.
Skyworks Solutions declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to purchase up to 15.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.38 per share. The ex-dividend date is Monday, May 20th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.22%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 22.93%.
Skyworks Solutions Company 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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