Stifel Financial Corp Sells 18,254 Shares of Skyworks Solutions Inc (SWKS)

Stifel Financial Corp cut its position in Skyworks Solutions Inc (NASDAQ:SWKS) by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 97,744 shares of the semiconductor manufacturer’s stock after selling 18,254 shares during the quarter. Stifel Financial Corp’s holdings in Skyworks Solutions were worth $6,523,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Lindbrook Capital LLC bought a new stake in Skyworks Solutions in the 4th quarter valued at about $25,000. JOYN Advisors Inc. lifted its position in Skyworks Solutions by 178.8% in the 4th quarter. JOYN Advisors Inc. now owns 368 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 236 shares during the last quarter. AdvisorNet Financial Inc lifted its position in Skyworks Solutions by 98.5% in the 4th quarter. AdvisorNet Financial Inc now owns 405 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 201 shares during the last quarter. Doyle Wealth Management bought a new stake in Skyworks Solutions in the 4th quarter valued at about $30,000. Finally, First Hawaiian Bank lifted its position in Skyworks Solutions by 251.9% in the 4th quarter. First Hawaiian Bank now owns 475 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

In other news, Director David J. Aldrich sold 3,000 shares of Skyworks Solutions stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $81.05, for a total value of $243,150.00. Following the transaction, the director now owns 203,922 shares of the company’s stock, valued at approximately $16,527,878.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Peter L. Gammel sold 2,652 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $68.45, for a total transaction of $181,529.40. Following the completion of the transaction, the chief technology officer now directly owns 15,123 shares in the company, valued at approximately $1,035,169.35. The disclosure for this sale can be found here. Insiders sold a total of 9,918 shares of company stock worth $780,053 in the last ninety days. Corporate insiders own 0.47% of the company’s stock.

Several brokerages recently weighed in on SWKS. Zacks Investment Research upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. ValuEngine raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. DA Davidson reissued a “positive” rating and set a $95.00 target price on shares of Skyworks Solutions in a research note on Thursday, February 7th. Finally, TheStreet cut shares of Skyworks Solutions from a “b-” rating to a “c+” rating in a research note on Friday, November 30th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $93.00.

Shares of SWKS opened at $86.07 on Friday. The company has a market capitalization of $14.23 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 1.24 and a beta of 0.69. Skyworks Solutions Inc has a 12-month low of $60.12 and a 12-month high of $108.57.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.12. The company had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $974.70 million. Skyworks Solutions had a net margin of 29.91% and a return on equity of 29.30%. The business’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 EPS. Research analysts expect that Skyworks Solutions Inc will post 6.01 earnings per share for the current fiscal year.

Skyworks Solutions declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to purchase up to 15.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Tuesday, February 26th were paid a $0.38 dividend. The ex-dividend date of this dividend was Monday, February 25th. This represents a $1.52 annualized dividend and a dividend yield of 1.77%. Skyworks Solutions’s dividend payout ratio is currently 22.93%.

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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, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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