London Co. of Virginia grew its holdings in Skyworks Solutions Inc (NASDAQ:SWKS) by 68.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 448,408 shares of the semiconductor manufacturer’s stock after purchasing an additional 182,726 shares during the quarter. London Co. of Virginia’s holdings in Skyworks Solutions were worth $30,052,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. QS Investors LLC boosted its stake in shares of Skyworks Solutions by 79.3% in the fourth quarter. QS Investors LLC now owns 26,770 shares of the semiconductor manufacturer’s stock valued at $1,795,000 after purchasing an additional 11,836 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Skyworks Solutions by 0.4% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 50,443 shares of the semiconductor manufacturer’s stock valued at $3,381,000 after purchasing an additional 200 shares during the period. Achmea Investment Management B.V. boosted its stake in shares of Skyworks Solutions by 2.5% in the fourth quarter. Achmea Investment Management B.V. now owns 33,705 shares of the semiconductor manufacturer’s stock valued at $2,260,000 after purchasing an additional 811 shares during the period. LMR Partners LLP purchased a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $956,000. Finally, Nomura Holdings Inc. boosted its stake in shares of Skyworks Solutions by 32.4% in the fourth quarter. Nomura Holdings Inc. now owns 48,873 shares of the semiconductor manufacturer’s stock valued at $3,274,000 after purchasing an additional 11,973 shares during the period. 81.15% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on SWKS. Zacks Investment Research raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Bank of America cut shares of Skyworks Solutions from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $92.00 to $75.00 in a report on Tuesday, November 20th. Morgan Stanley raised shares of Skyworks Solutions from an “underweight” rating to an “equal weight” rating and set a $76.00 target price on the stock in a report on Wednesday, November 28th. Cowen reaffirmed a “market perform” rating and issued a $80.00 target price (down previously from $95.00) on shares of Skyworks Solutions in a report on Thursday, November 29th. Finally, TheStreet cut shares of Skyworks Solutions from a “b-” rating to a “c+” rating in a report on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $93.00.
SWKS stock opened at $83.62 on Friday. Skyworks Solutions Inc has a twelve month low of $60.12 and a twelve month high of $112.16. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 1.26 and a beta of 0.69.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.12. Skyworks Solutions had a net margin of 29.91% and a return on equity of 29.30%. The company had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $974.70 million. During the same quarter last year, the company earned $2.00 earnings per share. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. Sell-side analysts expect that Skyworks Solutions Inc will post 5.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Tuesday, February 26th will be issued a dividend of $0.38 per share. The ex-dividend date is Monday, February 25th. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. Skyworks Solutions’s payout ratio is currently 22.93%.
Skyworks Solutions declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to purchase up to 15.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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Skyworks Solutions Company Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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