Global X Management Co. LLC Purchases 19,099 Shares of Skyworks Solutions, Inc. (SWKS)

Global X Management Co. LLC lifted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 53.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,817 shares of the semiconductor manufacturer’s stock after purchasing an additional 19,099 shares during the quarter. Global X Management Co. LLC’s holdings in Skyworks Solutions were worth $5,205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Old Mutual Global Investors UK Ltd. raised its stake in Skyworks Solutions by 27.9% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock worth $170,262,000 after acquiring an additional 364,933 shares in the last quarter. APG Asset Management N.V. raised its stake in Skyworks Solutions by 23.9% during the third quarter. APG Asset Management N.V. now owns 1,286,939 shares of the semiconductor manufacturer’s stock worth $131,139,000 after acquiring an additional 248,200 shares in the last quarter. Schroder Investment Management Group raised its stake in Skyworks Solutions by 98.0% during the third quarter. Schroder Investment Management Group now owns 487,824 shares of the semiconductor manufacturer’s stock worth $49,388,000 after acquiring an additional 241,491 shares in the last quarter. Manning & Napier Advisors LLC raised its stake in Skyworks Solutions by 9.3% during the third quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock worth $223,182,000 after acquiring an additional 186,077 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Skyworks Solutions by 69.2% during the third quarter. Van ECK Associates Corp now owns 307,568 shares of the semiconductor manufacturer’s stock worth $31,341,000 after acquiring an additional 125,792 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Skyworks Solutions, Inc. (SWKS) opened at $104.11 on Friday. The stock has a market capitalization of $19,044.82, a PE ratio of 23.61, a P/E/G ratio of 1.03 and a beta of 0.69. Skyworks Solutions, Inc. has a 1-year low of $91.60 and a 1-year high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.09. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 earnings per share. equities analysts expect that Skyworks Solutions, Inc. will post 6.67 earnings per share for the current fiscal year.

Skyworks Solutions declared that its Board of Directors has initiated a share buyback program on Monday, February 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio is 29.03%.

In related news, CEO Liam Griffin sold 16,250 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $109.52, for a total value of $1,779,700.00. Following the transaction, the chief executive officer now owns 65,397 shares in the company, valued at $7,162,279.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter L. Gammel sold 12,500 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $103.96, for a total value of $1,299,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,243 shares of company stock worth $8,337,541. 0.49% of the stock is owned by company insiders.

Several research firms have issued reports on SWKS. Vetr upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $118.57 price objective for the company in a research note on Tuesday, November 7th. Zacks Investment Research lowered Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. DA Davidson reiterated a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Needham & Company LLC reiterated a “buy” rating on shares of Skyworks Solutions in a research note on Tuesday, February 6th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $128.00 price objective on shares of Skyworks Solutions in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $115.93.

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About Skyworks Solutions

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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

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