Mason Street Advisors LLC Increases Position in Skyworks Solutions Inc (SWKS)

Mason Street Advisors LLC Increases Position in Skyworks Solutions Inc (SWKS)

Several other large investors also recently modified their holdings of SWKS. State Street Corp raised its stake in shares of Skyworks Solutions by 5.4% in the fourth quarter. State Street Corp now owns 7,700,222 shares of the semiconductor manufacturer’s stock worth $574,898,000 after buying an additional 395,998 shares during the last quarter. FMR LLC raised its stake in shares of Skyworks Solutions by 3.7% in the fourth quarter. FMR LLC now owns 5,309,840 shares of the semiconductor manufacturer’s stock worth $396,433,000 after buying an additional 187,834 shares during the last quarter. Norges Bank bought a new stake in shares of Skyworks Solutions during the fourth quarter worth approximately $134,561,000. UBS Asset Management Americas Inc. raised its stake in shares of Skyworks Solutions by 25.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,144,467 shares of the semiconductor manufacturer’s stock worth $85,447,000 after buying an additional 233,163 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Skyworks Solutions by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 973,532 shares of the semiconductor manufacturer’s stock worth $72,696,000 after buying an additional 93,760 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Mason Street Advisors LLC increased its position in Skyworks Solutions Inc (NASDAQ:SWKS) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 25,554 shares of the semiconductor manufacturer’s stock after buying an additional 135 shares during the period. Mason Street Advisors LLC’s holdings in Skyworks Solutions were worth $2,504,000 at the end of the most recent quarter.

Shares of Skyworks Solutions Inc (NASDAQ:SWKS) traded down 0.37% on Wednesday, hitting $105.97. 229,878 shares of the stock were exchanged. The stock’s 50-day moving average is $102.23 and its 200-day moving average is $90.87. The stock has a market cap of $19.55 billion, a price-to-earnings ratio of 21.84 and a beta of 0.88. Skyworks Solutions Inc has a 1-year low of $57.11 and a 1-year high of $107.25. Skyworks Solutions also was the target of unusually large options trading on Tuesday. Stock investors purchased 818 call options on the company. This is an increase of 177% compared to the average daily volume of 295 call options.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, April 27th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.03. The business had revenue of $851.70 million during the quarter, compared to the consensus estimate of $840.43 million. Skyworks Solutions had a return on equity of 27.80% and a net margin of 27.40%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 EPS. Analysts forecast that Skyworks Solutions Inc will post $6.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 16th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, May 12th. Skyworks Solutions’s dividend payout ratio (DPR) is 23.63%.

A number of equities research analysts recently commented on SWKS shares. Craig Hallum raised their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Pacific Crest upgraded shares of Skyworks Solutions from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Tuesday, April 4th. Charter Equity restated a “buy” rating on shares of Skyworks Solutions in a report on Monday, March 20th. ValuEngine lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Finally, Mizuho restated a “buy” rating on shares of Skyworks Solutions in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $100.60.

In related news, VP Robert John Terry sold 3,233 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $100.26, for a total value of $324,140.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter L. Gammel sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $97.92, for a total value of $146,880.00. Following the completion of the transaction, the insider now directly owns 17,605 shares of the company’s stock, valued at $1,723,881.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,458 shares of company stock valued at $9,278,031. Company insiders own 0.62% of the company’s stock.

Skyworks Solutions Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SWKS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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