Tredje AP fonden Has $693,000 Holdings in Skyworks Solutions, Inc. (SWKS)
Tredje AP fonden boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 77.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,220 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,160 shares during the quarter. Tredje AP fonden’s holdings in Skyworks Solutions were worth $693,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SWKS. Waldron LP raised its position in Skyworks Solutions by 5.7% during the first quarter. Waldron LP now owns 3,076 shares of the semiconductor manufacturer’s stock worth $301,000 after acquiring an additional 165 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Skyworks Solutions by 2,159.1% during the first quarter. Canada Pension Plan Investment Board now owns 11,612 shares of the semiconductor manufacturer’s stock worth $1,138,000 after acquiring an additional 11,098 shares in the last quarter. Empire Life Investments Inc. bought a new stake in Skyworks Solutions during the first quarter worth $9,031,000. American Century Companies Inc. raised its position in Skyworks Solutions by 99.7% during the first quarter. American Century Companies Inc. now owns 11,252 shares of the semiconductor manufacturer’s stock worth $1,102,000 after acquiring an additional 5,617 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in Skyworks Solutions during the first quarter worth $5,338,000. 80.86% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on SWKS shares. Craig Hallum increased their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Vetr lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $110.24 price objective on the stock. in a research report on Wednesday, June 7th. Canaccord Genuity reissued a “buy” rating and issued a $117.00 price objective (up from $115.00) on shares of Skyworks Solutions in a research report on Saturday, July 22nd. Northland Securities reissued a “buy” rating and issued a $115.00 price objective on shares of Skyworks Solutions in a research report on Friday, August 4th. Finally, B. Riley reissued a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $111.83.
In other news, insider Liam Griffin sold 2,610 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total transaction of $260,947.80. Following the sale, the insider now directly owns 50,408 shares in the company, valued at $5,039,791.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christine King sold 3,705 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the sale, the director now owns 16,641 shares in the company, valued at $1,777,591.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,371 shares of company stock worth $1,505,093. Company insiders own 0.49% of the company’s stock.
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Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at 107.05 on Friday. The firm has a market capitalization of $19.67 billion, a P/E ratio of 20.55 and a beta of 0.81. The firm’s 50-day moving average is $104.33 and its 200-day moving average is $102.04. Skyworks Solutions, Inc. has a 52 week low of $71.65 and a 52 week high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The firm had revenue of $900.80 million for the quarter, compared to analysts’ expectations of $890.58 million. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s revenue was up 19.8% on a year-over-year basis. Equities analysts anticipate that Skyworks Solutions, Inc. will post $6.39 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 4th. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 1.20%. Skyworks Solutions’s dividend 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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