Skyworks Solutions Inc (NASDAQ:SWKS) Shares Acquired by Public Employees Retirement System of Ohio

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Public Employees Retirement System of Ohio lifted its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 84,155 shares of the semiconductor manufacturer’s stock after buying an additional 1,405 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Skyworks Solutions were worth $6,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SWKS. Penserra Capital Management LLC grew its holdings in Skyworks Solutions by 24.1% in the 3rd quarter. Penserra Capital Management LLC now owns 75,152 shares of the semiconductor manufacturer’s stock valued at $5,954,000 after buying an additional 14,607 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Skyworks Solutions during the 3rd quarter worth about $705,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Skyworks Solutions by 2.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 481,851 shares of the semiconductor manufacturer’s stock worth $38,187,000 after acquiring an additional 10,921 shares during the period. California State Teachers Retirement System boosted its position in shares of Skyworks Solutions by 0.6% in the third quarter. California State Teachers Retirement System now owns 312,830 shares of the semiconductor manufacturer’s stock worth $24,792,000 after acquiring an additional 1,779 shares during the last quarter. Finally, Equitable Trust Co. boosted its position in shares of Skyworks Solutions by 4.2% in the third quarter. Equitable Trust Co. now owns 103,698 shares of the semiconductor manufacturer’s stock worth $8,218,000 after acquiring an additional 4,155 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on SWKS shares. Needham & Company LLC upped their price target on shares of Skyworks Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. ValuEngine raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Canaccord Genuity lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and lifted their price target for the company from $82.00 to $102.00 in a report on Wednesday, November 13th. Zacks Investment Research cut shares of Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 price objective for the company. in a research note on Wednesday, August 7th. Finally, Mizuho boosted their price objective on shares of Skyworks Solutions from $76.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $95.36.

In other news, Director Timothy R. Furey sold 3,500 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.30, for a total transaction of $291,550.00. Following the sale, the director now owns 20,824 shares in the company, valued at $1,734,639.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert John Terry sold 1,483 shares of Skyworks Solutions stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $100.00, for a total transaction of $148,300.00. Following the sale, the senior vice president now owns 15,132 shares in the company, valued at approximately $1,513,200. The disclosure for this sale can be found here. Insiders sold 131,884 shares of company stock valued at $12,804,697 in the last ninety days. Company insiders own 0.64% of the company’s stock.

NASDAQ:SWKS opened at $98.36 on Tuesday. The firm’s fifty day simple moving average is $94.96 and its 200 day simple moving average is $81.63. Skyworks Solutions Inc has a twelve month low of $60.12 and a twelve month high of $102.87. The firm has a market capitalization of $16.76 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.43 and a beta of 1.05.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.02. Skyworks Solutions had a return on equity of 24.41% and a net margin of 25.28%. The firm had revenue of $827.00 million during the quarter, compared to the consensus estimate of $824.01 million. During the same period in the prior year, the firm earned $1.94 EPS. The firm’s quarterly revenue was down 18.0% compared to the same quarter last year. Equities research analysts forecast that Skyworks Solutions Inc will post 5.84 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Monday, December 2nd. Skyworks Solutions’s payout ratio is 30.82%.

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, 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.

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

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