Schwab Charles Investment Management Inc. lifted its stake in Skyworks Solutions (NASDAQ:SWKS) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 651,016 shares of the semiconductor manufacturer’s stock after buying an additional 18,630 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.36% of Skyworks Solutions worth $65,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SWKS. Pennsylvania Trust Co raised its stake in shares of Skyworks Solutions by 6.7% in the fourth quarter. Pennsylvania Trust Co now owns 25,357 shares of the semiconductor manufacturer’s stock worth $2,408,000 after buying an additional 1,600 shares during the period. Bank of Montreal Can grew its position in shares of Skyworks Solutions by 21.4% during the fourth quarter. Bank of Montreal Can now owns 298,365 shares of the semiconductor manufacturer’s stock worth $28,329,000 after purchasing an additional 52,631 shares in the last quarter. National Pension Service grew its position in shares of Skyworks Solutions by 4.0% during the fourth quarter. National Pension Service now owns 214,060 shares of the semiconductor manufacturer’s stock worth $20,325,000 after purchasing an additional 8,263 shares in the last quarter. Gateway Investment Advisers LLC grew its position 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 worth $16,217,000 after purchasing an additional 26,237 shares in the last quarter. Finally, Westpac Banking Corp grew its position in shares of Skyworks Solutions by 87.2% during the fourth quarter. Westpac Banking Corp now owns 20,496 shares of the semiconductor manufacturer’s stock worth $1,946,000 after purchasing an additional 9,550 shares in the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

SWKS has been the subject of several research analyst reports. Canaccord Genuity increased their target price on Skyworks Solutions from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. B. Riley cut their target price on Skyworks Solutions from $131.00 to $128.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Needham & Company LLC reiterated a “buy” rating on shares of Skyworks Solutions in a research report on Tuesday, February 6th. UBS upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 6th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $128.00 target price on shares of Skyworks Solutions in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $115.16.

In other news, insider David J. Aldrich sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $113.03, for a total value of $3,956,050.00. Following the completion of the sale, the insider now directly owns 177,252 shares of the company’s stock, valued at approximately $20,034,793.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine King sold 2,401 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $97.67, for a total value of $234,505.67. Following the completion of the sale, the director now directly owns 14,928 shares of the company’s stock, valued at $1,458,017.76. The disclosure for this sale can be found here. Insiders sold a total of 87,151 shares of company stock valued at $9,458,773 over the last ninety days. Corporate insiders own 0.47% of the company’s stock.

NASDAQ SWKS opened at $99.71 on Friday. The company has a market cap of $18.00 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.22 and a beta of 0.66. Skyworks Solutions has a 1-year low of $97.95 and a 1-year high of $98.84.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, May 3rd. The semiconductor manufacturer reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $913.40 million during the quarter, compared to analysts’ expectations of $911.02 million. Skyworks Solutions had a return on equity of 30.35% and a net margin of 22.69%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 EPS. equities research analysts expect that Skyworks Solutions will post 6.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 12th. Stockholders of record on Tuesday, May 22nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, May 21st. Skyworks Solutions’s payout ratio is 21.40%.

Skyworks Solutions announced that its board has initiated a stock repurchase plan on Monday, February 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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

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