Gulf International Bank UK Ltd raised its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 2.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 41,303 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,077 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Skyworks Solutions were worth $3,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BOKF NA boosted its position in Skyworks Solutions by 3.7% during the 4th quarter. BOKF NA now owns 3,767 shares of the semiconductor manufacturer’s stock valued at $252,000 after buying an additional 133 shares during the period. Greenwich Wealth Management LLC raised its holdings in Skyworks Solutions by 0.6% in the 4th quarter. Greenwich Wealth Management LLC now owns 21,762 shares of the semiconductor manufacturer’s stock worth $1,459,000 after purchasing an additional 136 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Skyworks Solutions by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 7,958 shares of the semiconductor manufacturer’s stock worth $533,000 after purchasing an additional 140 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Skyworks Solutions by 34.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 584 shares of the semiconductor manufacturer’s stock worth $48,000 after purchasing an additional 150 shares in the last quarter. Finally, TCI Wealth Advisors Inc. raised its holdings in Skyworks Solutions by 33.0% in the 1st quarter. TCI Wealth Advisors Inc. now owns 685 shares of the semiconductor manufacturer’s stock worth $56,000 after purchasing an additional 170 shares in the last quarter. 82.55% of the stock is owned by institutional investors and hedge funds.

Shares of Skyworks Solutions stock opened at $90.00 on Monday. The stock has a market capitalization of $15.57 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.37 and a beta of 0.68. Skyworks Solutions Inc has a 1 year low of $60.12 and a 1 year high of $104.20.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.12. The company had revenue of $972.00 million during the quarter, compared to analyst estimates of $974.70 million. Skyworks Solutions had a net margin of 29.91% and a return on equity of 29.30%. During the same period last year, the business earned $2.00 EPS. Skyworks Solutions’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, analysts anticipate that Skyworks Solutions Inc will post 6.01 earnings per share for the current year.

Skyworks Solutions declared that its board has initiated a share repurchase program on Tuesday, February 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 15.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Several research analysts have commented on the stock. Macquarie lowered shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and set a $92.80 price objective for the company. in a report on Wednesday, April 17th. BidaskClub upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Zacks Investment Research upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. BMO Capital Markets upped their price objective on shares of Skyworks Solutions to $94.00 and gave the stock a “positive” rating in a report on Wednesday, February 6th. Finally, ValuEngine upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $92.99.

In related news, Director David J. Aldrich sold 3,000 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $81.05, for a total transaction of $243,150.00. Following the sale, the director now directly owns 203,922 shares of the company’s stock, valued at approximately $16,527,878.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Peter L. Gammel sold 1,881 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $93.53, for a total transaction of $175,929.93. Following the sale, the chief technology officer now directly owns 9,240 shares in the company, valued at $864,217.20. The disclosure for this sale can be found here. Insiders have sold a total of 81,980 shares of company stock worth $7,179,761 over the last three months. 0.64% of the stock is currently owned by insiders.

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About Skyworks Solutions

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

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