United Services Automobile Association boosted its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,655 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,080 shares during the period. United Services Automobile Association owned 0.08% of Skyworks Solutions worth $13,575,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in SWKS. Quad Cities Investment Group LLC acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at $102,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at $101,000. NEXT Financial Group Inc acquired a new stake in shares of Skyworks Solutions in the 3rd quarter valued at $108,000. Peak Capital Management LLC acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at $136,000. Finally, Polaris Greystone Financial Group LLC increased its stake in shares of Skyworks Solutions by 4,813.3% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 1,474 shares of the semiconductor manufacturer’s stock valued at $134,000 after buying an additional 1,444 shares during the period. 80.68% of the stock is owned by hedge funds and other institutional investors.
In other Skyworks Solutions news, Director David J. Aldrich sold 5,500 shares of Skyworks Solutions stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $90.48, for a total value of $497,640.00. Following the sale, the director now owns 147,752 shares of the company’s stock, valued at approximately $13,368,600.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David J. Aldrich sold 3,000 shares of Skyworks Solutions stock in a transaction dated Friday, October 19th. The shares were sold at an average price of $87.14, for a total value of $261,420.00. Following the completion of the sale, the director now directly owns 145,252 shares in the company, valued at approximately $12,657,259.28. The disclosure for this sale can be found here. Insiders sold a total of 21,500 shares of company stock worth $1,930,810 in the last three months. Company insiders own 0.47% of the company’s stock.
Several equities research analysts have recently commented on SWKS shares. TheStreet cut Skyworks Solutions from a “b-” rating to a “c+” rating in a research note on Friday, November 30th. Canaccord Genuity reduced their price target on Skyworks Solutions from $115.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, November 9th. Citigroup lowered Skyworks Solutions from a “buy” rating to a “neutral” rating in a research report on Monday, November 12th. Oppenheimer reduced their price target on Skyworks Solutions from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, November 9th. Finally, Charter Equity restated a “market perform” rating on shares of Skyworks Solutions in a research report on Friday, November 9th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the stock. Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $102.45.
SWKS stock opened at $67.57 on Friday. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.87 and a beta of 0.60. Skyworks Solutions Inc has a 1-year low of $67.38 and a 1-year high of $115.98.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.02. Skyworks Solutions had a return on equity of 30.59% and a net margin of 23.74%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts predict that Skyworks Solutions Inc will post 6.74 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Monday, November 26th. Skyworks Solutions’s dividend payout ratio is 22.93%.
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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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