BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 8.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,661 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,556 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Skyworks Solutions were worth $4,066,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Bank of Australia boosted its stake in shares of Skyworks Solutions by 13.3% during the 4th quarter. Commonwealth Bank of Australia now owns 55,556 shares of the semiconductor manufacturer’s stock valued at $3,718,000 after buying an additional 6,515 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at approximately $377,000. JOYN Advisors Inc. boosted its stake in shares of Skyworks Solutions by 178.8% during the 4th quarter. JOYN Advisors Inc. now owns 368 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 236 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Skyworks Solutions by 4.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 38,310 shares of the semiconductor manufacturer’s stock valued at $2,567,000 after buying an additional 1,725 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Skyworks Solutions by 7.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 231,301 shares of the semiconductor manufacturer’s stock valued at $15,042,000 after buying an additional 15,063 shares during the last quarter. 81.15% of the stock is owned by hedge funds and other institutional investors.

In related news, CTO Peter L. Gammel sold 2,652 shares of the firm’s stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $68.45, for a total transaction of $181,529.40. Following the completion of the transaction, the chief technology officer now owns 15,123 shares of the company’s stock, valued at $1,035,169.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David J. Aldrich sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $81.05, for a total value of $243,150.00. Following the transaction, the director now directly owns 203,922 shares of the company’s stock, valued at approximately $16,527,878.10. The disclosure for this sale can be found here. Insiders have sold 7,567 shares of company stock worth $585,367 over the last three months. Corporate insiders own 0.47% of the company’s stock.

Several brokerages recently issued reports on SWKS. B. Riley upgraded Skyworks Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $90.00 in a research note on Monday, January 28th. Nomura cut Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $100.00 to $70.00 in a research note on Friday, January 4th. UBS Group began coverage on Skyworks Solutions in a research note on Thursday, December 6th. They set a “neutral” rating and a $70.00 price objective on the stock. Susquehanna Bancshares began coverage on Skyworks Solutions in a research note on Friday, December 7th. They set a “neutral” rating and a $80.00 price objective on the stock. Finally, Oppenheimer restated a “market perform” rating and set a $110.00 price objective on shares of Skyworks Solutions in a research note on Monday, January 7th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Skyworks Solutions has a consensus rating of “Hold” and an average target price of $93.00.

Shares of SWKS opened at $81.43 on Friday. The firm has a market cap of $14.35 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69. Skyworks Solutions Inc has a one year low of $60.12 and a one year high of $112.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.12. The company had revenue of $972.00 million for the quarter, compared to analyst estimates of $974.70 million. Skyworks Solutions had a return on equity of 29.30% and a net margin of 29.91%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the company earned $2.00 earnings per share. Sell-side analysts predict that Skyworks Solutions Inc will post 5.98 EPS for the current fiscal year.

Skyworks Solutions declared that its Board of Directors has authorized a stock buyback plan on Tuesday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 15.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, February 26th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, February 25th. Skyworks Solutions’s dividend payout ratio (DPR) is 22.93%.

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About Skyworks Solutions

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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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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