Swiss National Bank cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 677,400 shares of the semiconductor manufacturer’s stock after selling 2,600 shares during the period. Swiss National Bank owned 0.37% of Skyworks Solutions worth $64,319,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Financial Engines Advisors L.L.C. acquired a new position in shares of Skyworks Solutions during the third quarter valued at $126,000. WFG Advisors LP increased its holdings in shares of Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after purchasing an additional 171 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Skyworks Solutions during the second quarter valued at $202,000. Round Table Services LLC acquired a new position in shares of Skyworks Solutions during the third quarter valued at $204,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Skyworks Solutions during the third quarter valued at $204,000. 81.22% of the stock is currently owned by institutional investors.
Skyworks Solutions, Inc. (NASDAQ SWKS) opened at $104.65 on Thursday. Skyworks Solutions, Inc. has a 1 year low of $91.25 and a 1 year high of $117.65. The firm has a market capitalization of $19,230.00, a price-to-earnings ratio of 23.73, a P/E/G ratio of 1.03 and a beta of 0.69.
Skyworks Solutions declared that its board has authorized a share buyback plan on Monday, February 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.22%. Skyworks Solutions’s dividend payout ratio (DPR) is 29.02%.
In related news, CEO Liam Griffin sold 16,250 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $109.52, for a total value of $1,779,700.00. Following the completion of the transaction, the chief executive officer now owns 65,397 shares in the company, valued at approximately $7,162,279.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter L. Gammel sold 7,800 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $100.60, for a total value of $784,680.00. Following the completion of the transaction, the insider now owns 12,680 shares of the company’s stock, valued at approximately $1,275,608. 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 quarter. 0.49% of the stock is currently owned by corporate insiders.
A number of research analysts have recently commented on the company. Zacks Investment Research lowered Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. UBS Group raised Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. B. Riley lowered their price target on Skyworks Solutions from $131.00 to $128.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Vetr lowered Skyworks Solutions from a “sell” rating to a “strong sell” rating and set a $91.21 price target on the stock. in a report on Wednesday, February 7th. Finally, Canaccord Genuity raised their price target on Skyworks Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have issued a buy rating to the company. Skyworks Solutions presently has an average rating of “Buy” and an average target price of $115.93.
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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