Callahan Advisors LLC Increases Stake in Skyworks Solutions Inc. (SWKS)
Callahan Advisors LLC boosted its stake in shares of Skyworks Solutions Inc. (NASDAQ:SWKS) by 2.7% during the third quarter, Holdings Channel reports. The firm owned 69,296 shares of the semiconductor manufacturer’s stock after buying an additional 1,815 shares during the period. Callahan Advisors LLC’s holdings in Skyworks Solutions were worth $5,276,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors increased its position in shares of Skyworks Solutions by 18.9% in the second quarter. Capital Research Global Investors now owns 23,273,661 shares of the semiconductor manufacturer’s stock valued at $1,472,757,000 after buying an additional 3,692,877 shares during the period. Vanguard Group Inc. increased its stake in Skyworks Solutions by 1.3% in the second quarter. Vanguard Group Inc. now owns 16,889,062 shares of the semiconductor manufacturer’s stock valued at $1,068,740,000 after buying an additional 212,799 shares during the last quarter. BlackRock Fund Advisors increased its stake in Skyworks Solutions by 3.7% in the second quarter. BlackRock Fund Advisors now owns 3,514,916 shares of the semiconductor manufacturer’s stock valued at $222,424,000 after buying an additional 124,229 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Skyworks Solutions by 28.3% in the second quarter. Bank of New York Mellon Corp now owns 2,393,648 shares of the semiconductor manufacturer’s stock valued at $151,471,000 after buying an additional 528,111 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Skyworks Solutions by 15.4% in the second quarter. UBS Asset Management Americas Inc. now owns 1,078,471 shares of the semiconductor manufacturer’s stock valued at $68,245,000 after buying an additional 143,919 shares during the last quarter. 80.54% of the stock is owned by institutional investors.
Skyworks Solutions Inc. (NASDAQ:SWKS) traded down 0.10% on Tuesday, reaching $77.22. The company’s stock had a trading volume of 1,716,028 shares. Skyworks Solutions Inc. has a 12 month low of $54.50 and a 12 month high of $88.52. The company has a 50-day moving average price of $77.19 and a 200 day moving average price of $70.70. The company has a market cap of $14.35 billion, a P/E ratio of 14.91 and a beta of 1.11.
Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. Skyworks Solutions had a return on equity of 28.16% and a net margin of 30.26%. The company earned $835.40 million during the quarter, compared to the consensus estimate of $830.94 million. During the same period in the previous year, the company posted $1.52 EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that Skyworks Solutions Inc. will post $6.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a $0.28 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.12 annualized dividend and a yield of 1.45%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 21.62%.
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Several equities research analysts recently weighed in on the stock. Vetr raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating and set a $80.30 price objective for the company in a report on Tuesday, October 11th. Canaccord Genuity reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Skyworks Solutions in a report on Thursday, October 27th. JPMorgan Chase & Co. assumed coverage on shares of Skyworks Solutions in a report on Monday, October 24th. They issued a “neutral” rating and a $88.00 price objective for the company. B. Riley reaffirmed a “buy” rating and issued a $94.00 price objective on shares of Skyworks Solutions in a report on Wednesday, November 9th. Finally, Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $84.69.
In other Skyworks Solutions news, VP Laura A. Gasparini sold 2,650 shares of Skyworks Solutions stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $74.84, for a total value of $198,326.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy R. Furey sold 5,000 shares of Skyworks Solutions stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $74.87, for a total value of $374,350.00. Following the completion of the transaction, the director now directly owns 34,947 shares of the company’s stock, valued at $2,616,481.89. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.
Skyworks Solutions Company Profile
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
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