KBC Group NV lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 22.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,084 shares of the semiconductor manufacturer’s stock after selling 7,920 shares during the period. KBC Group NV’s holdings in Skyworks Solutions were worth $2,572,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. purchased a new stake in shares of Skyworks Solutions in the third quarter valued at $126,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Skyworks Solutions in the second quarter valued at $202,000. Round Table Services LLC purchased a new stake in shares of Skyworks Solutions in the third quarter valued at $204,000. Intact Investment Management Inc. purchased a new stake in shares of Skyworks Solutions in the third quarter valued at $204,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Skyworks Solutions in the third quarter valued at $211,000. Institutional investors own 81.06% of the company’s stock.
A number of research firms have recently issued reports on SWKS. BidaskClub upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Zacks Investment Research upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Vetr lowered Skyworks Solutions from a “sell” rating to a “strong sell” rating and set a $91.21 target price for the company. in a report on Wednesday, February 7th. ValuEngine upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Canaccord Genuity increased their target price on Skyworks Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $115.93.
Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $106.41 on Wednesday. The company has a market cap of $19,420.00, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 1.03 and a beta of 0.69. Skyworks Solutions, Inc. has a 1 year low of $93.02 and a 1 year high of $117.65.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.09. The firm had revenue of $1.05 billion for 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%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 earnings per share. equities research analysts anticipate that Skyworks Solutions, Inc. will post 6.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, February 21st. Skyworks Solutions’s payout ratio is 29.02%.
Skyworks Solutions announced that its Board of Directors has initiated a stock buyback plan on Monday, February 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
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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