UniSuper Management Pty Ltd Raises Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

UniSuper Management Pty Ltd grew its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,886 shares of the semiconductor manufacturer's stock after purchasing an additional 5,830 shares during the quarter. UniSuper Management Pty Ltd's holdings in Skyworks Solutions were worth $3,892,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Elo Mutual Pension Insurance Co boosted its position in Skyworks Solutions by 15.4% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 16,451 shares of the semiconductor manufacturer's stock worth $1,459,000 after acquiring an additional 2,199 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Skyworks Solutions by 17.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 272,600 shares of the semiconductor manufacturer's stock valued at $24,221,000 after purchasing an additional 40,867 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Skyworks Solutions by 4.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,102 shares of the semiconductor manufacturer's stock worth $541,000 after acquiring an additional 242 shares in the last quarter. EntryPoint Capital LLC grew its holdings in shares of Skyworks Solutions by 115.1% in the fourth quarter. EntryPoint Capital LLC now owns 7,326 shares of the semiconductor manufacturer's stock valued at $650,000 after purchasing an additional 3,920 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Skyworks Solutions by 62.4% during the fourth quarter. Prudential Financial Inc. now owns 238,092 shares of the semiconductor manufacturer's stock worth $21,114,000 after acquiring an additional 91,448 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.

Remove Ads

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Down 1.3 %

SWKS traded down $0.81 during trading hours on Tuesday, hitting $63.82. 1,017,367 shares of the company's stock were exchanged, compared to its average volume of 2,648,672. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The stock's 50-day moving average is $72.62 and its two-hundred day moving average is $85.09. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's dividend payout ratio (DPR) is 85.89%.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of analyst reports. B. Riley cut Skyworks Solutions from a "buy" rating to a "neutral" rating and cut their price target for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Barclays lowered their target price on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating on the stock in a research note on Friday, January 17th. Rosenblatt Securities reissued a "neutral" rating and issued a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research report on Friday, January 10th. Finally, Morgan Stanley cut their price objective on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $83.78.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.