UniSuper Management Pty Ltd Grows Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

UniSuper Management Pty Ltd grew its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 51.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,193 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,953 shares during the period. UniSuper Management Pty Ltd’s holdings in Skyworks Solutions were worth $3,162,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SWKS. BNP Paribas bought a new stake in shares of Skyworks Solutions during the 1st quarter worth $27,000. Access Investment Management LLC bought a new stake in Skyworks Solutions in the first quarter worth $31,000. ST Germain D J Co. Inc. lifted its stake in Skyworks Solutions by 60.5% in the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 130 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Skyworks Solutions by 790.0% in the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after purchasing an additional 316 shares during the last quarter. Finally, Vestor Capital LLC bought a new stake in Skyworks Solutions in the fourth quarter worth $43,000. 85.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Citigroup lowered their price target on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a research note on Thursday, May 2nd. Wells Fargo & Company lowered their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. Rosenblatt Securities lowered their price target on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, UBS Group decreased their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $107.14.

Insider Transactions at Skyworks Solutions

In other news, CEO Liam Griffin bought 11,142 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the purchase, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total transaction of $49,720.00. Following the transaction, the vice president now owns 9,564 shares in the company, valued at $1,052,040. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Liam Griffin acquired 11,142 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 26,337 shares of company stock worth $2,399,797. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Down 0.8 %

SWKS traded down $0.91 during midday trading on Tuesday, reaching $117.50. The company’s stock had a trading volume of 1,593,990 shares, compared to its average volume of 2,455,013. The firm has a market capitalization of $18.85 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 5.44 and a beta of 1.23. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86. The stock’s 50-day moving average is $102.38 and its 200-day moving average is $102.77.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.08. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. As a group, research analysts expect that Skyworks Solutions, Inc. will post 5.14 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were paid a $0.68 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.31%. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.