Skyworks Solutions Inc (SWKS) Holdings Boosted by Mn Services Vermogensbeheer B.V.
Mn Services Vermogensbeheer B.V. raised its holdings in Skyworks Solutions Inc (NASDAQ:SWKS) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,750 shares of the semiconductor manufacturer’s stock after buying an additional 1,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Skyworks Solutions were worth $8,227,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of SWKS. BlackRock Inc. grew its holdings in Skyworks Solutions by 3.0% during the fourth quarter. BlackRock Inc. now owns 13,271,115 shares of the semiconductor manufacturer’s stock worth $889,431,000 after buying an additional 385,052 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Skyworks Solutions by 6,143.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,733,478 shares of the semiconductor manufacturer’s stock worth $41,000 after buying an additional 2,689,698 shares in the last quarter. Geode Capital Management LLC grew its holdings in Skyworks Solutions by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock worth $180,234,000 after buying an additional 242,983 shares in the last quarter. Northern Trust Corp grew its holdings in Skyworks Solutions by 6.1% during the fourth quarter. Northern Trust Corp now owns 2,441,004 shares of the semiconductor manufacturer’s stock worth $163,596,000 after buying an additional 139,555 shares in the last quarter. Finally, LSV Asset Management grew its holdings in Skyworks Solutions by 30.1% during the fourth quarter. LSV Asset Management now owns 2,410,600 shares of the semiconductor manufacturer’s stock worth $161,558,000 after buying an additional 558,200 shares in the last quarter. 82.63% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. Macquarie downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and set a $92.80 price target for the company. in a report on Wednesday, April 17th. Craig Hallum reiterated a “buy” rating and set a $105.00 price target (up previously from $90.00) on shares of Skyworks Solutions in a report on Friday, May 3rd. Mizuho restated a “hold” rating and issued a $89.00 price objective on shares of Skyworks Solutions in a research note on Friday, May 3rd. Cowen restated a “market perform” rating and issued a $95.00 price objective (up previously from $80.00) on shares of Skyworks Solutions in a research note on Friday, May 3rd. Finally, BMO Capital Markets upped their price objective on Skyworks Solutions to $105.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have given a buy rating to the company’s stock. Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $91.55.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.04. The company had revenue of $810.40 million during the quarter, compared to the consensus estimate of $809.52 million. Skyworks Solutions had a return on equity of 28.25% and a net margin of 29.06%. The firm’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.64 EPS. On average, research analysts forecast that Skyworks Solutions Inc will post 6.11 earnings per share for the current fiscal year.
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 paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.52 annualized dividend and a dividend yield of 1.95%. Skyworks Solutions’s payout ratio is 22.93%.
Skyworks Solutions announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to buy up to 15.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
In related news, CTO Peter L. Gammel sold 1,881 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $93.53, for a total transaction of $175,929.93. Following the sale, the chief technology officer now owns 9,240 shares of the company’s stock, valued at approximately $864,217.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David J. Aldrich sold 5,000 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $83.13, for a total value of $415,650.00. Following the sale, the director now directly owns 203,032 shares in the company, valued at approximately $16,878,050.16. The disclosure for this sale can be found here. Insiders have sold a total of 112,065 shares of company stock valued at $9,807,474 in the last quarter. 0.64% of the stock is owned by corporate 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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