BOKF NA boosted its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,767 shares of the semiconductor manufacturer’s stock after acquiring an additional 133 shares during the period. BOKF NA’s holdings in Skyworks Solutions were worth $252,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $25,000. JOYN Advisors Inc. raised its holdings in Skyworks Solutions by 178.8% in the fourth quarter. JOYN Advisors Inc. now owns 368 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 236 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in Skyworks Solutions by 98.5% in the fourth quarter. AdvisorNet Financial Inc now owns 405 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 201 shares in the last quarter. Doyle Wealth Management bought a new position in Skyworks Solutions in the fourth quarter worth about $30,000. Finally, First Hawaiian Bank raised its holdings in Skyworks Solutions by 251.9% in the fourth quarter. First Hawaiian Bank now owns 475 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 82.53% of the company’s stock.
A number of equities analysts have commented on SWKS shares. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the company from $80.00 to $90.00 in a report on Monday, January 28th. CIBC reiterated a “market perform” rating on shares of Skyworks Solutions in a research report on Monday, January 7th. Goldman Sachs Group upgraded Skyworks Solutions from a “neutral” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Wednesday, February 6th. Canaccord Genuity reiterated a “buy” rating and issued a $84.00 target price (down previously from $96.00) on shares of Skyworks Solutions in a research report on Wednesday, January 9th. Finally, Craig Hallum reiterated a “buy” rating and issued a $90.00 target price (down previously from $105.00) on shares of Skyworks Solutions in a research report on Wednesday, January 9th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $93.00.
Skyworks Solutions stock traded down $0.40 during midday trading on Monday, reaching $90.28. 1,179,127 shares of the stock traded hands, compared to its average volume of 1,936,984. Skyworks Solutions Inc has a 12-month low of $60.12 and a 12-month high of $104.20. The stock has a market capitalization of $15.62 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 1.34 and a beta of 0.68.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.12. The company had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $974.70 million. Skyworks Solutions had a return on equity of 29.30% and a net margin of 29.91%. Skyworks Solutions’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the business posted $2.00 EPS. Equities research analysts anticipate that Skyworks Solutions Inc will post 6.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Tuesday, February 26th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Monday, February 25th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 22.93%.
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 outstanding shares. This buyback authorization permits the semiconductor manufacturer to buy up to 15.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
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.
See Also: Dividend
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