Livingston Group Asset Management CO operating as Southport Capital Management decreased its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,975 shares of the semiconductor manufacturer’s stock after selling 270 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Skyworks Solutions were worth $575,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Strategic Financial Services Inc increased its stake in Skyworks Solutions by 1.5% during the 4th quarter. Strategic Financial Services Inc now owns 55,024 shares of the semiconductor manufacturer’s stock worth $3,688,000 after buying an additional 791 shares during the period. Montrusco Bolton Investments Inc. increased its position in shares of Skyworks Solutions by 1.7% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 135,861 shares of the semiconductor manufacturer’s stock worth $8,997,000 after purchasing an additional 2,252 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Skyworks Solutions by 13.7% in the 3rd quarter. Nordea Investment Management AB now owns 153,613 shares of the semiconductor manufacturer’s stock worth $13,935,000 after purchasing an additional 18,513 shares during the last quarter. Norinchukin Bank The increased its position in shares of Skyworks Solutions by 43.5% in the 4th quarter. Norinchukin Bank The now owns 33,026 shares of the semiconductor manufacturer’s stock worth $2,213,000 after purchasing an additional 10,006 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its position in shares of Skyworks Solutions by 6.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 178,524 shares of the semiconductor manufacturer’s stock worth $14,725,000 after purchasing an additional 10,854 shares during the last quarter. 82.55% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on SWKS. Zacks Investment Research raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. BidaskClub raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Macquarie downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and set a $92.80 target price for the company. in a research report on Wednesday. ValuEngine raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Finally, DA Davidson reissued a “positive” rating and issued a $95.00 target price on shares of Skyworks Solutions in a research report on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $92.99.
Skyworks Solutions stock traded down $2.49 during midday trading on Wednesday, reaching $91.07. 85,360 shares of the stock traded hands, compared to its average volume of 1,434,948. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.37 and a beta of 0.68. Skyworks Solutions Inc has a fifty-two week low of $60.12 and a fifty-two week high of $104.20.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.12. The firm had revenue of $972.00 million during the quarter, compared to analyst estimates of $974.70 million. Skyworks Solutions had a net margin of 29.91% and a return on equity of 29.30%. Skyworks Solutions’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.00 EPS. Research analysts anticipate that Skyworks Solutions Inc will post 6.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Tuesday, February 26th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Monday, February 25th. Skyworks Solutions’s dividend payout ratio is currently 22.93%.
Skyworks Solutions announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 15.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
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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.
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