Skyworks Solutions, Inc. (SWKS) Holdings Raised by California Public Employees Retirement System

California Public Employees Retirement System raised its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 435,741 shares of the semiconductor manufacturer’s stock after acquiring an additional 14,002 shares during the quarter. California Public Employees Retirement System owned 0.24% of Skyworks Solutions worth $41,374,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC raised its stake in shares of Skyworks Solutions by 9.3% during the 3rd quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock worth $223,182,000 after buying an additional 186,077 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in shares of Skyworks Solutions by 27.9% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock worth $170,262,000 after buying an additional 364,933 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Skyworks Solutions by 17.2% during the 4th quarter. APG Asset Management N.V. now owns 1,508,526 shares of the semiconductor manufacturer’s stock worth $119,283,000 after buying an additional 221,587 shares during the last quarter. Platinum Investment Management Ltd. raised its stake in shares of Skyworks Solutions by 0.3% during the 3rd quarter. Platinum Investment Management Ltd. now owns 1,108,860 shares of the semiconductor manufacturer’s stock worth $112,992,000 after buying an additional 3,300 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Skyworks Solutions by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 893,636 shares of the semiconductor manufacturer’s stock worth $91,060,000 after buying an additional 21,802 shares during the last quarter. 81.22% of the stock is owned by institutional investors.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $104.65 on Thursday. The company has a market capitalization of $19,230.00, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.03 and a beta of 0.69. Skyworks Solutions, Inc. has a fifty-two week low of $91.25 and a fifty-two week high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 EPS for the quarter, beating the consensus estimate of $1.91 by $0.09. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 EPS. analysts forecast that Skyworks Solutions, Inc. will post 6.67 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio (DPR) is 29.02%.

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

SWKS has been the subject of several research reports. Zacks Investment Research raised Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Morgan Stanley lifted their price target on Skyworks Solutions from $86.00 to $88.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 13th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $115.00 price target on shares of Skyworks Solutions in a research note on Wednesday, December 27th. Vetr downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and set a $114.92 price target for the company. in a research note on Monday, October 30th. Finally, Barclays lifted their price target on Skyworks Solutions from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $115.93.

In other Skyworks Solutions news, CTO Peter L. Gammel sold 7,305 shares of Skyworks Solutions stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $96.50, for a total value of $704,932.50. Following the completion of the sale, the chief technology officer now owns 16,285 shares in the company, valued at approximately $1,571,502.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Liam Griffin sold 15,059 shares of Skyworks Solutions stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $95.09, for a total value of $1,431,960.31. Following the completion of the sale, the insider now owns 62,359 shares of the company’s stock, valued at approximately $5,929,717.31. The disclosure for this sale can be found here. Insiders sold a total of 81,028 shares of company stock valued at $8,275,780 in the last 90 days. 0.49% of the stock is owned by company insiders.

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About Skyworks Solutions

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

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