Flaharty Asset Management LLC acquired a new stake in Skyworks Solutions Inc (NASDAQ:SWKS) during the 4th quarter, HoldingsChannel reports. The firm acquired 2,453 shares of the semiconductor manufacturer’s stock, valued at approximately $248,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in SWKS. BlackRock Inc. raised its holdings in Skyworks Solutions by 8.9% in the fourth quarter. BlackRock Inc. now owns 13,206,360 shares of the semiconductor manufacturer’s stock worth $1,253,946,000 after purchasing an additional 1,076,214 shares during the period. Lazard Asset Management LLC raised its holdings in Skyworks Solutions by 21.6% in the fourth quarter. Lazard Asset Management LLC now owns 5,616,559 shares of the semiconductor manufacturer’s stock worth $533,291,000 after purchasing an additional 998,446 shares during the period. Vulcan Value Partners LLC raised its holdings in Skyworks Solutions by 26.1% in the fourth quarter. Vulcan Value Partners LLC now owns 4,230,322 shares of the semiconductor manufacturer’s stock worth $401,669,000 after purchasing an additional 876,101 shares during the period. Geode Capital Management LLC raised its holdings in Skyworks Solutions by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 2,313,298 shares of the semiconductor manufacturer’s stock worth $219,253,000 after purchasing an additional 44,823 shares during the period. Finally, Manning & Napier Advisors LLC raised its holdings in Skyworks Solutions by 9.3% in the third quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock worth $223,182,000 after purchasing an additional 186,077 shares during the period. Institutional investors and hedge funds own 83.20% of the company’s stock.
In other news, insider David J. Aldrich sold 35,000 shares of Skyworks Solutions stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $113.03, for a total value of $3,956,050.00. Following the completion of the transaction, the insider now owns 177,252 shares of the company’s stock, valued at approximately $20,034,793.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 3,083 shares of Skyworks Solutions stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $98.00, for a total transaction of $302,134.00. Following the completion of the transaction, the senior vice president now directly owns 12,455 shares of the company’s stock, valued at approximately $1,220,590. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,747 shares of company stock valued at $11,659,257. 0.49% of the stock is owned by insiders.
Skyworks Solutions Inc (SWKS) opened at $115.16 on Tuesday. The firm has a market cap of $20,722.75, a price-to-earnings ratio of 26.11, a P/E/G ratio of 1.13 and a beta of 0.55. Skyworks Solutions Inc has a 12-month low of $93.05 and a 12-month high of $117.65.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.61 earnings per share. equities analysts predict that Skyworks Solutions Inc will post 6.67 earnings per share for the current fiscal year.
Skyworks Solutions declared that its Board of Directors has approved a share repurchase plan on Monday, February 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently announced 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. This represents a $1.28 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio (DPR) is currently 29.03%.
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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