Nicollet Investment Management Inc. bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,810 shares of the semiconductor manufacturer’s stock, valued at approximately $647,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWKS. Koch Industries Inc. increased its stake in shares of Skyworks Solutions by 11,046.5% in the 2nd quarter. Koch Industries Inc. now owns 508,502 shares of the semiconductor manufacturer’s stock valued at $503,000 after buying an additional 503,940 shares during the period. Old Mutual Global Investors UK Ltd. increased its stake in shares of Skyworks Solutions by 27.9% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock valued at $170,262,000 after buying an additional 364,933 shares during the period. APG Asset Management N.V. increased its stake in shares of Skyworks Solutions by 23.9% in the 3rd quarter. APG Asset Management N.V. now owns 1,286,939 shares of the semiconductor manufacturer’s stock valued at $131,139,000 after buying an additional 248,200 shares during the period. Schroder Investment Management Group increased its stake in shares of Skyworks Solutions by 98.0% in the 3rd quarter. Schroder Investment Management Group now owns 487,824 shares of the semiconductor manufacturer’s stock valued at $49,388,000 after buying an additional 241,491 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Skyworks Solutions by 765.4% in the 2nd quarter. Janus Henderson Group PLC now owns 232,209 shares of the semiconductor manufacturer’s stock valued at $22,280,000 after buying an additional 205,377 shares during the period. 81.77% of the stock is owned by institutional investors.
Several research firms have recently commented on SWKS. Drexel Hamilton reissued a “buy” rating and issued a $128.00 target price on shares of Skyworks Solutions in a research note on Monday. ValuEngine raised Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday. UBS Group raised Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Tuesday. Finally, B. Riley decreased their price objective on Skyworks Solutions from $131.00 to $128.00 and set a “buy” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-four have issued a buy rating to the company’s stock. Skyworks Solutions presently has a consensus rating of “Buy” and a consensus price target of $115.93.
Skyworks Solutions, Inc. (NASDAQ SWKS) opened at $102.00 on Thursday. The firm has a market capitalization of $18,620.00, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.09 and a beta of 0.69. Skyworks Solutions, Inc. has a twelve month low of $90.53 and a twelve month high of $117.65.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Monday, November 6th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.05. The company had revenue of $984.60 million for the quarter, compared to analyst estimates of $980.58 million. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. equities analysts expect that Skyworks Solutions, Inc. will post 6.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.25%. Skyworks Solutions’s dividend payout ratio (DPR) is 29.02%.
Skyworks Solutions announced that its Board of Directors has approved a share repurchase plan on Monday, February 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
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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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