Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Rating) by 63.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,529 shares of the semiconductor manufacturer’s stock after selling 9,556 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Skyworks Solutions were worth $471,000 at the end of the most recent quarter.
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A number of other large investors have also recently made changes to their positions in SWKS. Panagora Asset Management Inc. lifted its stake in shares of Skyworks Solutions by 54.0% in the 1st quarter. Panagora Asset Management Inc. now owns 10,415 shares of the semiconductor manufacturer’s stock valued at $1,388,000 after purchasing an additional 3,654 shares during the period. LSV Asset Management purchased a new position in shares of Skyworks Solutions in the 1st quarter valued at approximately $11,382,000. Raymond James Trust N.A. grew its stake in shares of Skyworks Solutions by 7.8% in the first quarter. Raymond James Trust N.A. now owns 2,328 shares of the semiconductor manufacturer’s stock worth $310,000 after acquiring an additional 169 shares during the last quarter. Prudential PLC purchased a new stake in shares of Skyworks Solutions in the first quarter worth $429,000. Finally, Moors & Cabot Inc. grew its stake in shares of Skyworks Solutions by 9.7% in the first quarter. Moors & Cabot Inc. now owns 7,249 shares of the semiconductor manufacturer’s stock worth $966,000 after acquiring an additional 643 shares during the last quarter. 75.37% of the stock is currently owned by institutional investors.
Insider Transactions at Skyworks Solutions
In other news, SVP Karilee A. Durham sold 2,716 shares of the company’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $110.00, for a total value of $298,760.00. Following the completion of the transaction, the senior vice president now owns 13,428 shares of the company’s stock, valued at $1,477,080. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Karilee A. Durham sold 2,716 shares of the stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $110.00, for a total transaction of $298,760.00. Following the completion of the transaction, the senior vice president now directly owns 13,428 shares of the company’s stock, valued at $1,477,080. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Robert John Terry sold 3,500 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $100.60, for a total value of $352,100.00. Following the transaction, the senior vice president now directly owns 11,187 shares of the company’s stock, valued at $1,125,412.20. The disclosure for this sale can be found here. Insiders sold a total of 9,216 shares of company stock valued at $1,010,950 over the last 90 days. Company insiders own 0.31% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Skyworks Solutions from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 7th. Susquehanna boosted their price target on Skyworks Solutions from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 7th. Benchmark boosted their price target on Skyworks Solutions from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, February 7th. KGI Securities upgraded Skyworks Solutions from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 30th. Finally, Morgan Stanley boosted their price target on Skyworks Solutions from $96.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $119.26.
Skyworks Solutions Stock Performance
Shares of SWKS opened at $111.84 on Thursday. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.89 and a beta of 1.25. The company has a quick ratio of 1.75, a current ratio of 2.79 and a debt-to-equity ratio of 0.30. The business has a 50-day simple moving average of $105.81 and a two-hundred day simple moving average of $97.96. Skyworks Solutions, Inc. has a 52 week low of $76.16 and a 52 week high of $141.26.
Skyworks Solutions (NASDAQ:SWKS – Get Rating) last released its quarterly earnings data on Monday, February 6th. The semiconductor manufacturer reported $2.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.59. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. Skyworks Solutions had a return on equity of 28.65% and a net margin of 22.33%. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.90 earnings per share. On average, analysts expect that Skyworks Solutions, Inc. will post 8.33 EPS for the current year.
Skyworks Solutions declared that its Board of Directors has approved a share repurchase plan on Monday, February 6th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 11.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Skyworks Solutions Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Stockholders of record on Tuesday, February 28th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Monday, February 27th. Skyworks Solutions’s dividend payout ratio (DPR) is 33.83%.
Skyworks Solutions Company Profile
Skyworks Solutions, Inc engages in the design, development, and manufacture of proprietary semiconductor products. Its products include amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics.
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