Acadian Asset Management LLC raised its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,562 shares of the semiconductor manufacturer’s stock after buying an additional 71 shares during the period. Acadian Asset Management LLC’s holdings in Skyworks Solutions were worth $3,092,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. increased its stake in Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock worth $103,000 after buying an additional 50 shares during the last quarter. Cim Investment Mangement Inc. increased its position in shares of Skyworks Solutions by 1.1% in the fourth quarter. Cim Investment Mangement Inc. now owns 5,899 shares of the semiconductor manufacturer’s stock valued at $440,000 after buying an additional 63 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Skyworks Solutions by 2.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,955 shares of the semiconductor manufacturer’s stock valued at $454,000 after buying an additional 113 shares in the last quarter. Keybank National Association OH increased its position in shares of Skyworks Solutions by 1.2% in the fourth quarter. Keybank National Association OH now owns 12,294 shares of the semiconductor manufacturer’s stock valued at $918,000 after buying an additional 144 shares in the last quarter. Finally, Waldron LP increased its position in shares of Skyworks Solutions by 5.7% in the first quarter. Waldron LP now owns 3,076 shares of the semiconductor manufacturer’s stock valued at $301,000 after buying an additional 165 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.
Skyworks Solutions Inc (NASDAQ:SWKS) traded up 0.72% on Friday, hitting $103.94. 392,941 shares of the stock were exchanged. The company has a 50-day moving average of $100.94 and a 200-day moving average of $89.05. Skyworks Solutions Inc has a 12 month low of $57.11 and a 12 month high of $105.51. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of 21.43 and a beta of 0.88.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, April 27th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.03. Skyworks Solutions had a net margin of 27.40% and a return on equity of 27.80%. The company had revenue of $851.70 million for the quarter, compared to the consensus estimate of $840.43 million. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Skyworks Solutions’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts predict that Skyworks Solutions Inc will post $6.32 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 16th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, May 12th. Skyworks Solutions’s dividend payout ratio is currently 23.63%.
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Several research analysts have recently issued reports on SWKS shares. Brean Capital upped their price target on shares of Skyworks Solutions to $95.00 in a report on Friday, January 20th. Needham & Company LLC boosted their price objective on shares of Skyworks Solutions to $92.00 in a research note on Friday, January 20th. Barclays PLC boosted their price objective on shares of Skyworks Solutions to $144.00 in a research note on Monday, March 13th. B. Riley reissued a “buy” rating and issued a $104.00 price objective on shares of Skyworks Solutions in a research note on Sunday, January 22nd. Finally, Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Friday, January 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $100.60.
In related news, VP Robert John Terry sold 3,233 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $100.26, for a total value of $324,140.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Peter L. Gammel sold 1,500 shares of the stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $97.92, for a total transaction of $146,880.00. Following the transaction, the insider now owns 17,605 shares in the company, valued at $1,723,881.60. The disclosure for this sale can be found here. In the last three months, insiders sold 91,458 shares of company stock worth $9,278,031. Insiders own 0.62% of the company’s stock.
Skyworks Solutions Company 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.
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