New Mexico Educational Retirement Board Has $1.68 Million Stake in Skyworks Solutions, Inc. (SWKS)

New Mexico Educational Retirement Board lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,700 shares of the semiconductor manufacturer’s stock after buying an additional 500 shares during the period. New Mexico Educational Retirement Board’s holdings in Skyworks Solutions were worth $1,681,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Old Mutual Global Investors UK Ltd. boosted its position in Skyworks Solutions by 15.9% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,936,981 shares of the semiconductor manufacturer’s stock valued at $183,916,000 after acquiring an additional 266,106 shares in the last quarter. Wealthstreet Investment Advisors LLC bought a new stake in Skyworks Solutions during the 4th quarter valued at approximately $1,265,000. Girard Partners LTD. boosted its position in Skyworks Solutions by 9.7% during the 4th quarter. Girard Partners LTD. now owns 6,938 shares of the semiconductor manufacturer’s stock valued at $659,000 after acquiring an additional 616 shares in the last quarter. First Business Financial Services Inc. boosted its position in Skyworks Solutions by 15.2% during the 4th quarter. First Business Financial Services Inc. now owns 5,686 shares of the semiconductor manufacturer’s stock valued at $540,000 after acquiring an additional 751 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Skyworks Solutions by 320.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 40,458 shares of the semiconductor manufacturer’s stock valued at $3,842,000 after acquiring an additional 30,832 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Skyworks Solutions, Inc. (SWKS) opened at $104.11 on Monday. The firm has a market cap of $19,000.00, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.03 and a beta of 0.69. Skyworks Solutions, Inc. has a 1-year low of $91.92 and a 1-year high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.09. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. Skyworks Solutions’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 EPS. equities analysts predict that Skyworks Solutions, Inc. will post 6.67 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.23%. The ex-dividend date is Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio is currently 29.02%.

Skyworks Solutions announced that its Board of Directors has initiated a stock repurchase plan on Monday, February 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Several research firms have weighed in on SWKS. Zacks Investment Research cut Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. UBS Group raised Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 6th. B. Riley cut their price objective on Skyworks Solutions from $131.00 to $128.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Vetr cut Skyworks Solutions from a “sell” rating to a “strong sell” rating and set a $91.21 price objective on the stock. in a research report on Wednesday, February 7th. Finally, Canaccord Genuity lifted their price objective on Skyworks Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $115.93.

In other news, insider Liam Griffin sold 15,059 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $95.09, for a total transaction of $1,431,960.31. Following the sale, the insider now directly owns 62,359 shares in the company, valued at approximately $5,929,717.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Peter L. Gammel sold 7,305 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $96.50, for a total transaction of $704,932.50. Following the sale, the chief technology officer now owns 16,285 shares in the company, valued at $1,571,502.50. The disclosure for this sale can be found here. Insiders sold a total of 82,243 shares of company stock valued at $8,337,541 in the last ninety days. 0.49% of the stock is currently owned by insiders.

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Skyworks Solutions Company Profile

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

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