Skyworks Solutions Inc (NASDAQ:SWKS) Holdings Decreased by Palladium Partners LLC
Palladium Partners LLC reduced its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 34.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,639 shares of the semiconductor manufacturer’s stock after selling 11,769 shares during the period. Palladium Partners LLC’s holdings in Skyworks Solutions were worth $2,737,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Steel Peak Wealth Management LLC bought a new stake in Skyworks Solutions during the fourth quarter valued at $257,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Skyworks Solutions by 2.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 150,672 shares of the semiconductor manufacturer’s stock valued at $18,213,000 after buying an additional 4,211 shares during the period. State Street Corp grew its position in shares of Skyworks Solutions by 1.9% during the 4th quarter. State Street Corp now owns 8,028,543 shares of the semiconductor manufacturer’s stock valued at $970,490,000 after buying an additional 147,186 shares during the last quarter. Roanoke Asset Management Corp NY grew its position in shares of Skyworks Solutions by 4.5% during the 4th quarter. Roanoke Asset Management Corp NY now owns 25,596 shares of the semiconductor manufacturer’s stock valued at $3,094,000 after buying an additional 1,091 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. grew its position in shares of Skyworks Solutions by 245.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 34,372 shares of the semiconductor manufacturer’s stock valued at $4,155,000 after buying an additional 24,419 shares during the last quarter. 83.20% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director David J. Aldrich sold 40,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $97.47, for a total transaction of $3,898,800.00. Following the completion of the transaction, the director now owns 213,032 shares of the company’s stock, valued at $20,764,229.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Liam Griffin sold 11,922 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $117.88, for a total value of $1,405,365.36. Following the transaction, the chief executive officer now directly owns 76,459 shares of the company’s stock, valued at approximately $9,012,986.92. The disclosure for this sale can be found here. Insiders sold a total of 202,482 shares of company stock worth $21,762,271 in the last three months. Company insiders own 0.64% of the company’s stock.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor manufacturer reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.16. The company had revenue of $896.10 million during the quarter, compared to analyst estimates of $881.80 million. Skyworks Solutions had a net margin of 25.02% and a return on equity of 23.03%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 EPS. On average, equities research analysts predict that Skyworks Solutions Inc will post 5.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, February 10th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 30.82%.
SWKS has been the topic of a number of recent research reports. Robert W. Baird reissued an “outperform” rating and issued a $150.00 target price (up previously from $105.00) on shares of Skyworks Solutions in a report on Friday, January 24th. Charter Equity raised Skyworks Solutions from a “market perform” rating to a “buy” rating in a report on Friday, January 24th. Morgan Stanley increased their price target on Skyworks Solutions from $105.00 to $113.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Canaccord Genuity raised their target price on Skyworks Solutions from $102.00 to $130.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Finally, Citigroup boosted their price target on shares of Skyworks Solutions from $125.00 to $127.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the stock. Skyworks Solutions has an average rating of “Buy” and an average price target of $117.96.
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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