Skyworks Solutions Inc (SWKS) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,023 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,623 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.05% of Skyworks Solutions worth $5,899,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Skyworks Solutions by 3.0% during the fourth quarter. BlackRock Inc. now owns 13,271,115 shares of the semiconductor manufacturer’s stock valued at $889,431,000 after acquiring an additional 385,052 shares during the last quarter. Capital International Investors acquired a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $326,736,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Skyworks Solutions by 6,143.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,733,478 shares of the semiconductor manufacturer’s stock valued at $41,000 after purchasing an additional 2,689,698 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Skyworks Solutions by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock valued at $180,234,000 after purchasing an additional 242,983 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Skyworks Solutions by 6.1% in the fourth quarter. Northern Trust Corp now owns 2,441,004 shares of the semiconductor manufacturer’s stock valued at $163,596,000 after purchasing an additional 139,555 shares during the last quarter. 82.03% of the stock is owned by institutional investors and hedge funds.

In other news, CTO Peter L. Gammel sold 2,652 shares of the firm’s stock in a transaction 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 $1,035,169.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David J. Aldrich sold 5,000 shares of the firm’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the director now owns 205,922 shares of the company’s stock, valued at $16,768,228.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,918 shares of company stock valued at $1,187,203. Company insiders own 0.47% of the company’s stock.

Several research firms recently commented on SWKS. BMO Capital Markets increased their price target on Skyworks Solutions to $94.00 and gave the company a “positive” rating in a report on Wednesday, February 6th. ValuEngine raised Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. DA Davidson reaffirmed a “positive” rating and issued a $95.00 price target on shares of Skyworks Solutions in a report on Thursday, February 7th. BidaskClub raised Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Finally, Zacks Investment Research raised Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $93.00.

Shares of Skyworks Solutions stock opened at $83.86 on Tuesday. The company has a market capitalization of $14.36 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 1.25 and a beta of 0.68. Skyworks Solutions Inc has a fifty-two week low of $60.12 and a fifty-two week high of $104.20.

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

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Tuesday, February 26th were given a $0.38 dividend. The ex-dividend date of this dividend was Monday, February 25th. This represents a $1.52 annualized dividend and a yield of 1.81%. Skyworks Solutions’s payout ratio is 22.93%.

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Skyworks Solutions Company 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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