OPSEU Pension Plan Trust Fund cut its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,159 shares of the semiconductor manufacturer’s stock after selling 280 shares during the period. Skyworks Solutions comprises about 0.7% of OPSEU Pension Plan Trust Fund’s investment portfolio, making the stock its 20th largest position. OPSEU Pension Plan Trust Fund’s holdings in Skyworks Solutions were worth $2,241,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clarius Group LLC bought a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $217,000. Stratos Wealth Partners LTD. lifted its stake in shares of Skyworks Solutions by 19.3% during the second quarter. Stratos Wealth Partners LTD. now owns 5,262 shares of the semiconductor manufacturer’s stock valued at $673,000 after acquiring an additional 853 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Skyworks Solutions by 17.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 73,609 shares of the semiconductor manufacturer’s stock valued at $9,412,000 after acquiring an additional 10,787 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in shares of Skyworks Solutions by 6.3% during the third quarter. Vestmark Advisory Solutions Inc. now owns 1,751 shares of the semiconductor manufacturer’s stock valued at $255,000 after acquiring an additional 103 shares during the period. Finally, Thames Capital Management LLC acquired a new position in Skyworks Solutions in the second quarter valued at about $4,075,000. Institutional investors and hedge funds own 76.89% of the company’s stock.
In other Skyworks Solutions news, SVP Robert John Terry sold 1,037 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $150.71, for a total value of $156,286.27. Following the sale, the senior vice president now owns 17,926 shares in the company, valued at approximately $2,701,627.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Carlos S. Bori sold 6,500 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $137.17, for a total value of $891,605.00. Following the completion of the sale, the senior vice president now owns 16,898 shares in the company, valued at approximately $2,317,898.66. The disclosure for this sale can be found here. Insiders have sold a total of 62,119 shares of company stock worth $9,038,129 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently commented on the company. Rosenblatt Securities assumed coverage on Skyworks Solutions in a research report on Thursday, September 10th. They set a “buy” rating and a $160.00 price target on the stock. Piper Sandler raised their price target on Skyworks Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, September 29th. BidaskClub downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, November 3rd. Barclays raised their price target on Skyworks Solutions from $100.00 to $130.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Finally, Raymond James raised their price target on Skyworks Solutions from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, November 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $148.81.
SWKS stock traded down $1.99 during midday trading on Tuesday, reaching $141.42. 15,508 shares of the stock were exchanged, compared to its average volume of 2,225,557. The stock has a market capitalization of $23.95 billion, a PE ratio of 31.52, a P/E/G ratio of 2.00 and a beta of 1.21. Skyworks Solutions, Inc. has a 52 week low of $67.90 and a 52 week high of $158.61. The company has a fifty day moving average price of $147.19 and a 200 day moving average price of $134.65.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Monday, November 2nd. The semiconductor manufacturer reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.33. The business had revenue of $956.60 million for the quarter, compared to analyst estimates of $840.61 million. Skyworks Solutions had a return on equity of 20.73% and a net margin of 24.13%. Skyworks Solutions’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 4.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.00 dividend on an annualized basis and a yield of 1.41%. Skyworks Solutions’s dividend payout ratio is currently 35.03%.
Skyworks Solutions 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, as well as wireless radio integrated circuits.
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