Clinton Group Inc. reduced its holdings in Skyworks Solutions (NASDAQ:SWKS) by 33.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,608 shares of the semiconductor manufacturer’s stock after selling 2,822 shares during the quarter. Clinton Group Inc.’s holdings in Skyworks Solutions were worth $562,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC acquired a new stake in shares of Skyworks Solutions in the 1st quarter valued at approximately $100,000. Mckinley Capital Management LLC Delaware lifted its holdings in shares of Skyworks Solutions by 67.2% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 1,478 shares of the semiconductor manufacturer’s stock valued at $148,000 after buying an additional 594 shares during the period. Dearborn Partners LLC acquired a new stake in shares of Skyworks Solutions in the 1st quarter valued at approximately $208,000. Shufro Rose & Co. LLC acquired a new stake in shares of Skyworks Solutions in the 1st quarter valued at approximately $211,000. Finally, Granite Springs Asset Management LLC acquired a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $230,000. 80.40% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on SWKS shares. BidaskClub raised Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Standpoint Research raised Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. ValuEngine cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. UBS Group initiated coverage on Skyworks Solutions in a report on Wednesday, April 4th. They set a “neutral” rating and a $105.00 price objective for the company. Finally, Cowen set a $100.00 price objective on Skyworks Solutions and gave the stock a “hold” rating in a report on Tuesday, April 24th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $115.16.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, May 3rd. The semiconductor manufacturer reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $913.40 million during the quarter, compared to the consensus estimate of $911.02 million. Skyworks Solutions had a return on equity of 30.35% and a net margin of 22.69%. Skyworks Solutions’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 earnings per share. sell-side analysts forecast that Skyworks Solutions will post 6.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 22nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, May 21st. Skyworks Solutions’s payout ratio is 21.40%.
In other news, insider Peter L. Gammel sold 9,000 shares of Skyworks Solutions stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $99.19, for a total value of $892,710.00. Following the completion of the sale, the insider now owns 21,420 shares of the company’s stock, valued at $2,124,649.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christine King sold 2,401 shares of Skyworks Solutions stock in a transaction on Friday, May 11th. The shares were sold at an average price of $97.67, for a total value of $234,505.67. Following the completion of the sale, the director now directly owns 14,928 shares of the company’s stock, valued at approximately $1,458,017.76. The disclosure for this sale can be found here. Insiders have sold 22,151 shares of company stock valued at $2,322,723 in the last three months. 0.47% of the stock is currently owned by company insiders.
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, 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 shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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