WINTON GROUP Ltd Has $10.64 Million Stake in Skyworks Solutions Inc (SWKS)

WINTON GROUP Ltd raised its holdings in Skyworks Solutions Inc (NASDAQ:SWKS) by 25.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 117,248 shares of the semiconductor manufacturer’s stock after buying an additional 23,851 shares during the quarter. WINTON GROUP Ltd owned 0.07% of Skyworks Solutions worth $10,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SWKS. Vulcan Value Partners LLC grew its holdings in Skyworks Solutions by 21.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 6,581,779 shares of the semiconductor manufacturer’s stock valued at $636,129,000 after buying an additional 1,179,670 shares during the last quarter. First Trust Advisors LP grew its holdings in Skyworks Solutions by 31.1% in the 3rd quarter. First Trust Advisors LP now owns 1,391,837 shares of the semiconductor manufacturer’s stock valued at $126,254,000 after buying an additional 330,404 shares during the last quarter. Ardevora Asset Management LLP grew its holdings in Skyworks Solutions by 394.7% in the 2nd quarter. Ardevora Asset Management LLP now owns 349,732 shares of the semiconductor manufacturer’s stock valued at $33,802,000 after buying an additional 279,032 shares during the last quarter. American Century Companies Inc. grew its holdings in Skyworks Solutions by 147.5% in the 2nd quarter. American Century Companies Inc. now owns 378,775 shares of the semiconductor manufacturer’s stock valued at $36,609,000 after buying an additional 225,746 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Skyworks Solutions by 6.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,072,364 shares of the semiconductor manufacturer’s stock valued at $296,944,000 after buying an additional 185,039 shares during the last quarter. 80.71% of the stock is currently owned by hedge funds and other institutional investors.

SWKS has been the subject of a number of research reports. Summit Redstone downgraded Skyworks Solutions to a “hold” rating in a research report on Friday. Summit Insights downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Wednesday, July 25th. Charter Equity reiterated a “market perform” rating on shares of Skyworks Solutions in a research report on Friday. Finally, ValuEngine downgraded Skyworks Solutions from a “sell” rating to a “strong sell” rating in a research report on Saturday. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $107.79.

In related news, Director David J. Aldrich sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $92.89, for a total transaction of $928,900.00. Following the completion of the transaction, the director now owns 152,252 shares in the company, valued at approximately $14,142,688.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David J. Aldrich sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $88.78, for a total value of $266,340.00. Following the transaction, the director now owns 145,252 shares of the company’s stock, valued at approximately $12,895,472.56. The disclosure for this sale can be found here. Insiders have sold a total of 34,500 shares of company stock valued at $3,126,050 in the last 90 days. 0.47% of the stock is owned by corporate insiders.

Skyworks Solutions stock opened at $76.66 on Friday. The company has a market cap of $14.79 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.82 and a beta of 0.64. Skyworks Solutions Inc has a one year low of $75.15 and a one year high of $115.98.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.02. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. Skyworks Solutions’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $1.82 EPS. On average, analysts forecast that Skyworks Solutions Inc will post 7.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be given a dividend of $0.38 per share. The ex-dividend date is Monday, November 26th. This represents a $1.52 annualized dividend and a dividend yield of 1.98%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 22.93%.

COPYRIGHT VIOLATION WARNING: “WINTON GROUP Ltd Has $10.64 Million Stake in Skyworks Solutions Inc (SWKS)” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.com-unik.info/2018/11/10/winton-group-ltd-has-10-64-million-stake-in-skyworks-solutions-inc-swks.html.

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, 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.

Featured Article: Do stock splits help investors?

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

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit