WINTON GROUP Ltd boosted its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 25.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 117,248 shares of the semiconductor manufacturer’s stock after purchasing an additional 23,851 shares during the period. WINTON GROUP Ltd’s holdings in Skyworks Solutions were worth $10,636,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of SWKS. Kiwi Wealth Investments Limited Partnership bought a new stake in shares of Skyworks Solutions in the second quarter valued at about $3,486,000. Centaurus Financial Inc. bought a new stake in shares of Skyworks Solutions in the second quarter valued at about $147,000. grace capital bought a new stake in shares of Skyworks Solutions in the second quarter valued at about $435,000. Midas Management Corp lifted its holdings in shares of Skyworks Solutions by 16.7% in the third quarter. Midas Management Corp now owns 31,500 shares of the semiconductor manufacturer’s stock valued at $2,857,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Hammer Asset Management LLC bought a new stake in shares of Skyworks Solutions in the second quarter valued at about $2,606,000. Hedge funds and other institutional investors own 80.71% of the company’s stock.
A number of brokerages have recently commented on SWKS. Cowen restated a “hold” rating and issued a $105.00 price target (up from $100.00) on shares of Skyworks Solutions in a report on Friday, July 20th. Craig Hallum cut their price target on Skyworks Solutions from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday. Needham & Company LLC cut their price target on Skyworks Solutions to $99.00 and set a “buy” rating on the stock in a report on Friday. Loop Capital cut their price target on Skyworks Solutions to $102.00 and set a “buy” rating on the stock in a report on Friday. Finally, Canaccord Genuity cut their price target on Skyworks Solutions from $115.00 to $102.00 and set a “buy” rating on the stock in a report on Friday. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $107.79.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.02. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. Skyworks Solutions’s revenue was up 2.3% on a year-over-year basis. On average, analysts expect that Skyworks Solutions Inc will post 7.34 EPS 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 issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, November 26th. This represents a $1.52 annualized dividend and a yield of 1.98%. Skyworks Solutions’s payout ratio is presently 22.93%.
In other Skyworks Solutions news, Director David J. Aldrich sold 10,000 shares of the business’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 transaction, the director now owns 152,252 shares of the company’s stock, valued at $14,142,688.28. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director David J. Aldrich sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $86.25, for a total value of $258,750.00. Following the transaction, the director now directly owns 144,251 shares in the company, valued at approximately $12,441,648.75. The disclosure for this sale can be found here. Insiders have sold 34,500 shares of company stock worth $3,126,050 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.
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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