TD Asset Management Inc. Acquires 9,871 Shares of Skyworks Solutions Inc (SWKS)

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TD Asset Management Inc. increased its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 193,557 shares of the semiconductor manufacturer’s stock after acquiring an additional 9,871 shares during the period. TD Asset Management Inc. owned about 0.11% of Skyworks Solutions worth $12,972,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SWKS. Keybank National Association OH boosted its position in Skyworks Solutions by 3.8% in the fourth quarter. Keybank National Association OH now owns 4,992 shares of the semiconductor manufacturer’s stock valued at $335,000 after buying an additional 182 shares in the last quarter. First Hawaiian Bank boosted its position in Skyworks Solutions by 251.9% in the fourth quarter. First Hawaiian Bank now owns 475 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 340 shares in the last quarter. Greylin Investment Mangement Inc. boosted its position in Skyworks Solutions by 3.3% in the fourth quarter. Greylin Investment Mangement Inc. now owns 11,892 shares of the semiconductor manufacturer’s stock valued at $797,000 after buying an additional 375 shares in the last quarter. BKD Wealth Advisors LLC boosted its position in Skyworks Solutions by 11.1% in the fourth quarter. BKD Wealth Advisors LLC now owns 3,939 shares of the semiconductor manufacturer’s stock valued at $264,000 after buying an additional 395 shares in the last quarter. Finally, Orrstown Financial Services Inc. boosted its position in Skyworks Solutions by 3.6% in the fourth quarter. Orrstown Financial Services Inc. now owns 11,740 shares of the semiconductor manufacturer’s stock valued at $787,000 after buying an additional 406 shares in the last quarter. Institutional investors and hedge funds own 83.52% of the company’s stock.

In other Skyworks Solutions news, Director David J. Aldrich sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $81.05, for a total value of $243,150.00. Following the completion of the sale, the director now owns 203,922 shares of the company’s stock, valued at $16,527,878.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Peter L. Gammel sold 2,652 shares of the company’s stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $68.45, for a total transaction of $181,529.40. Following the completion of the sale, the chief technology officer now directly owns 15,123 shares of the company’s stock, valued at approximately $1,035,169.35. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

SWKS opened at $81.84 on Tuesday. The company has a market cap of $14.22 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 1.25 and a beta of 0.73. Skyworks Solutions Inc has a fifty-two week low of $60.12 and a fifty-two week high of $115.98.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.12. The business had revenue of $972.00 million during the quarter, compared to the consensus estimate of $974.70 million. Skyworks Solutions had a net margin of 29.91% and a return on equity of 29.30%. Skyworks Solutions’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 earnings per share. On average, analysts predict that Skyworks Solutions Inc will post 5.98 EPS for the current year.

Skyworks Solutions announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 15.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Tuesday, February 26th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, February 25th. Skyworks Solutions’s dividend payout ratio (DPR) is 22.93%.

A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Zacks Investment Research upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. DA Davidson restated a “positive” rating and issued a $95.00 price target on shares of Skyworks Solutions in a research report on Thursday, February 7th. BidaskClub upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. Finally, BMO Capital Markets boosted their price target on shares of Skyworks Solutions to $94.00 and gave the company a “positive” rating in a research report on Wednesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $93.00.

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About Skyworks Solutions

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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