Schroder Investment Management Group Has $53.64 Million Holdings in Skyworks Solutions, Inc. (SWKS)
Schroder Investment Management Group grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.8% during the 4th quarter, HoldingsChannel reports. The fund owned 564,919 shares of the semiconductor manufacturer’s stock after purchasing an additional 77,095 shares during the quarter. Schroder Investment Management Group’s holdings in Skyworks Solutions were worth $53,639,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in SWKS. Union Bankshares Corp bought a new position in shares of Skyworks Solutions during the fourth quarter valued at $1,912,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Skyworks Solutions by 9.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 148,581 shares of the semiconductor manufacturer’s stock valued at $14,108,000 after purchasing an additional 12,828 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Skyworks Solutions by 69.2% during the third quarter. Van ECK Associates Corp now owns 307,568 shares of the semiconductor manufacturer’s stock valued at $31,341,000 after purchasing an additional 125,792 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of Skyworks Solutions by 88.2% during the third quarter. Pinebridge Investments L.P. now owns 108,618 shares of the semiconductor manufacturer’s stock valued at $11,069,000 after purchasing an additional 50,898 shares in the last quarter. Finally, Gateway Investment Advisers LLC lifted its holdings in shares of Skyworks Solutions by 18.2% during the fourth quarter. Gateway Investment Advisers LLC now owns 170,791 shares of the semiconductor manufacturer’s stock valued at $16,217,000 after purchasing an additional 26,237 shares in the last quarter. 81.06% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Carlos S. Bori sold 3,745 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $109.53, for a total transaction of $410,189.85. Following the completion of the transaction, the senior vice president now directly owns 14,723 shares of the company’s stock, valued at $1,612,610.19. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Liam Griffin sold 16,250 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $109.52, for a total value of $1,779,700.00. Following the transaction, the chief executive officer now directly owns 65,397 shares of the company’s stock, valued at $7,162,279.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,243 shares of company stock valued at $8,337,541. 0.49% of the stock is owned by corporate insiders.
Shares of Skyworks Solutions, Inc. (SWKS) opened at $104.11 on Tuesday. Skyworks Solutions, Inc. has a 1 year low of $91.92 and a 1 year high of $117.65. The stock has a market capitalization of $18,998.29, a PE ratio of 23.61, a P/E/G ratio of 1.03 and a beta of 0.69.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.09. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company earned $1.61 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. analysts expect that Skyworks Solutions, Inc. will post 6.67 earnings per share for the current fiscal year.
Skyworks Solutions declared that its Board of Directors has approved a share repurchase plan on Monday, February 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be paid a dividend of $0.32 per share. 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 payout ratio is presently 29.03%.
ILLEGAL ACTIVITY WARNING: “Schroder Investment Management Group Has $53.64 Million Holdings in Skyworks Solutions, Inc. (SWKS)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/schroder-investment-management-group-has-53-64-million-holdings-in-skyworks-solutions-inc-swks/1877703.html.
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.
Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS).
Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.