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.
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%.
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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, 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.
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