BT Investment Management Ltd Buys Shares of 86,320 Skyworks Solutions, Inc. (SWKS)
BT Investment Management Ltd bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 86,320 shares of the semiconductor manufacturer’s stock, valued at approximately $8,282,000.
A number of other large investors also recently made changes to their positions in SWKS. Waldron LP grew its holdings in Skyworks Solutions by 5.7% during the 1st quarter. Waldron LP now owns 3,076 shares of the semiconductor manufacturer’s stock valued at $301,000 after buying an additional 165 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Skyworks Solutions by 2,159.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,612 shares of the semiconductor manufacturer’s stock valued at $1,138,000 after buying an additional 11,098 shares during the last quarter. Empire Life Investments Inc. acquired a new stake in Skyworks Solutions during the 1st quarter valued at $9,031,000. American Century Companies Inc. grew its holdings in Skyworks Solutions by 99.7% during the 1st quarter. American Century Companies Inc. now owns 11,252 shares of the semiconductor manufacturer’s stock valued at $1,102,000 after buying an additional 5,617 shares during the last quarter. Finally, Neuburgh Advisers LLC grew its holdings in Skyworks Solutions by 600.0% during the 1st quarter. Neuburgh Advisers LLC now owns 34,188 shares of the semiconductor manufacturer’s stock valued at $3,350,000 after buying an additional 29,304 shares during the last quarter. Hedge funds and other institutional investors own 80.86% of the company’s stock.
In other Skyworks Solutions news, Director Christine King sold 3,705 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the completion of the transaction, the director now owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Liam Griffin sold 2,610 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total transaction of $260,947.80. Following the transaction, the insider now directly owns 50,408 shares of the company’s stock, valued at approximately $5,039,791.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,371 shares of company stock valued at $1,505,093. Company insiders own 0.49% of the company’s stock.
SWKS has been the topic of a number of analyst reports. ValuEngine cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Vetr cut Skyworks Solutions from a “buy” rating to a “hold” rating and set a $110.24 target price on the stock. in a report on Wednesday, June 7th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $120.00 target price on shares of Skyworks Solutions in a report on Friday, June 16th. Pacific Crest restated an “overweight” rating and set a $120.00 price objective on shares of Skyworks Solutions in a report on Wednesday, June 21st. Finally, BidaskClub cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $111.90.
Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) traded up 2.31% during mid-day trading on Friday, hitting $109.55. The stock had a trading volume of 2,366,271 shares. The company has a market cap of $20.13 billion, a PE ratio of 21.03 and a beta of 0.81. The firm’s 50 day moving average price is $104.40 and its 200-day moving average price is $102.14. Skyworks Solutions, Inc. has a one year low of $71.65 and a one year high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.05. The firm had revenue of $900.80 million during the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The business’s revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were given a dividend of $0.32 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, August 4th. This represents a $1.28 dividend on an annualized basis and a yield of 1.17%. Skyworks Solutions’s payout ratio is currently 24.57%.
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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