Coe Capital Management LLC decreased its position in Skyworks Solutions Inc (NASDAQ:SWKS) by 7.5% in the 4th quarter, HoldingsChannel reports. The fund owned 7,196 shares of the semiconductor manufacturer’s stock after selling 585 shares during the quarter. Coe Capital Management LLC’s holdings in Skyworks Solutions were worth $683,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stone Ridge Asset Management LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth $577,000. Guggenheim Capital LLC grew its stake in shares of Skyworks Solutions by 18.6% in the 4th quarter. Guggenheim Capital LLC now owns 921,933 shares of the semiconductor manufacturer’s stock worth $87,539,000 after acquiring an additional 144,773 shares in the last quarter. QS Investors LLC grew its stake in shares of Skyworks Solutions by 24.8% in the 4th quarter. QS Investors LLC now owns 25,959 shares of the semiconductor manufacturer’s stock worth $2,465,000 after acquiring an additional 5,162 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Skyworks Solutions by 7.3% in the 4th quarter. Deutsche Bank AG now owns 1,315,169 shares of the semiconductor manufacturer’s stock worth $124,868,000 after acquiring an additional 89,010 shares in the last quarter. Finally, Virtue Capital Management LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth $554,000. Hedge funds and other institutional investors own 81.93% of the company’s stock.
In other news, insider Liam Griffin sold 15,059 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $95.09, for a total transaction of $1,431,960.31. Following the sale, the insider now directly owns 62,359 shares in the company, valued at $5,929,717.31. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider David J. Aldrich sold 35,000 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $113.03, for a total value of $3,956,050.00. Following the sale, the insider now owns 177,252 shares in the company, valued at $20,034,793.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,747 shares of company stock worth $11,659,257. Insiders own 0.49% of the company’s stock.
Shares of Skyworks Solutions Inc (SWKS) opened at $113.56 on Friday. The company has a market cap of $21,120.00, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.11 and a beta of 0.55. Skyworks Solutions Inc has a fifty-two week low of $93.05 and a fifty-two week high of $117.65.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Monday, February 5th. The semiconductor manufacturer reported $2.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.09. The business 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 21.72% and a return on equity of 30.21%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 earnings per share. analysts predict that Skyworks Solutions Inc will post 6.67 EPS for the current fiscal year.
Skyworks Solutions announced that its Board of Directors has authorized a stock buyback plan on Monday, February 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio (DPR) is presently 21.69%.
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.
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