San Luis Wealth Advisors LLC increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Rating) by 186.3% in the fourth quarter, according to its latest disclosure to the U.S. Securities and Exchange Commission. says so. The fund owned his 22,959 shares of the semiconductor manufacturer’s stock after purchasing an additional 14,941 of his shares during the period. Skyworks Solutions represents his 2.0% of San Luis Wealth Advisors LLC’s portfolio, making the company’s stock his 17th largest. San Luis Wealth Advisors LLC’s holdings in Skyworks Solutions were valued at $2,092,000 as of the most recent filing with the Securities and Exchange Commission.
Many other hedge funds and other institutional investors have also increased or decreased their equity stakes recently. Nisa Investment Advisors LLC increased his Skyworks Solutions holdings by 10.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 58,066 shares of the semiconductor maker worth $5,292,000 after he purchased an additional 5,306 shares last quarter. Legacy Wealth Asset Management LLC increased its stake in Skyworks Solutions by 5.3% in the fourth quarter. He owns 2,583 shares of the semiconductor maker worth $235,000 after Legacy Wealth Asset Management LLC purchased an additional 130 shares last quarter. 180 Wealth Advisors LLC increased its stake in Skyworks Solutions by 3.5% in the fourth quarter. 180 Wealth Advisors LLC now owns 4,645 shares of the semiconductor manufacturer worth $520,000 after purchasing an additional 156 shares last quarter. Resource Investment Advisors LLC. purchased shares of Skyworks Solutions in a new position valued at approximately $225,000 in the fourth quarter. Finally, Viking Fund Management LLC purchased new Skyworks Solutions stock valued at approximately $2,734,000 in the fourth quarter. Institutional investors own 75.37% of the company’s shares.
In another Skyworks Solutions news, SVP Karilee A. Durham sold 2,716 shares in the company in a transaction on Monday, January 23rd. Her shares had an average price of $110.00 and sold for a total of $298,760.00. Following the closing of her transaction, the senior vice president now owns 13,428 shares of the company’s stock valued at approximately $1,477,080. The sale was disclosed in her legal filings with the SEC, which are available on the SEC’s website. In another Skyworks Solutions news, SVP Karilee A. Durham sold 2,716 shares of the company in a transaction on Monday, January 23rd. The shares sold for a total of $298,760.00 at an average price of $110.00. Following the closing of the transaction, the Senior Vice President now owns 13,428 shares of the Company’s stock valued at approximately $1,477,080. The sale was disclosed in legal filings with the SEC available on the SEC’s website. SVP Reza Kasnavi also sold 3,000 shares of the company in a deal on Friday, February 10th. The shares sold at an average price of $120.03 for a total of $360,090.00. Following the closing of the transaction, the Senior Vice President now directly owns 16,994 shares of the Company’s stock valued at approximately $2,039,789.82. Please see here for the disclosure of this sale. His 0.31% of shares are owned by corporate insiders.
Skyworks Solution Stock Performance
SWKS fell $2.20 in Wednesday trading to reach $108.64. The stock traded at 242,579 shares, with an average turnover of 1,792,852 shares for him. The company has a 50-day moving average price of $114.15 and a 200-day moving average price of $101.02. The company has a market capitalization of $17.29 billion, a price/earnings ratio of 15.12, a P/E/G ratio of 0.90 and a beta of 1.28. Skyworks Solutions, Inc. has a one-year low of $76.16 and a one-year high of $124.19. The company has a debt to equity ratio of 0.30, a current ratio of 2.79 and a quick ratio of 1.75.
Skyworks Solutions (NASDAQ:SWKS – Get Rating) last reported earnings on Monday, February 6th. The semiconductor maker reported that he earned $2.59 per share for the quarter, meeting analyst consensus expectations of $2.59. The company’s revenue for the quarter was $1.33 billion, compared to consensus expectations of $1.32 billion. Skyworks Solutions had a return on equity of 28.65% and a net profit margin of 22.33%. The company’s revenue fell by 12.0% compared to the same quarter last year. His EPS for the company in the same period last year was $2.90. As a group, research analysts expect Skyworks Solutions, Inc. to post 8.17 EPS for the year.
Skyworks Solutions announced that its board of directors approved a share buyback plan on Monday, February 6th. The repurchase authorization allows semiconductor manufacturers to purchase up to an 11.5% stake through open market purchases. A stock buyback plan usually indicates that a company’s management thinks its stock is undervalued.
Skyworks Solutions Dividend Announcement
The company recently announced its quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Tuesday, February 28 were awarded a dividend of $0.62 per share. The ex-dividend date was Monday, February 27. This represents his $2.48 dividend and his 2.28% dividend yield on an annualized basis. Skyworks Solutions currently has a payout ratio of 33.83%.
Analyst Rating Change
Several equity research analysts have commented on the SWKS stock. Credit Suisse Group raised Skyworks Solutions’ target price from his $125.00 to $135.00, giving the company an “excellent” rating in its research notes on Tuesday, February 7. B. Riley raised Skyworks Solutions’ target price from his $95.00 to $115.00, giving the company a “neutral” rating in a research note on Tuesday, Feb. 7. Benchmark raised Skyworks Solutions’ target price from $120.00 to $135.00, giving the company a “buy” rating in its research notes on Tuesday, February 7th. Needham & Company LLC has increased Skyworks Solutions’ target price from $110.00 to $140.00, giving the company a “Buy” rating in its research notes on Tuesday, February 7th. Finally, Stifel Nicolaus kicked off his Skyworks Solutions coverage in his Wednesday, April 5th research note. They issued a “buy” rating and a price target of $150.00. One research analyst gave a sell rating, eight gave a hold rating, and 17 gave a buy rating. According to MarketBeat.com data, the stock has an average rating of “moderate buy” with a consensus price target of $121.58.
About Skyworks Solutions
Skyworks Solutions, Inc designs, develops and manufactures proprietary semiconductor products. Its products include amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase Includes shifters, synthesizers, power dividers and combiners. Receivers, switches and technical ceramics.
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