Fjarde AP Fonden Fourth Swedish National Pension Fund Sold 2,335 Shares of Skyworks Solutions Inc (SWKS)

Fjarde AP Fonden Fourth Swedish National Pension Fund Sold 2,335 Shares of Skyworks Solutions Inc (SWKS)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in Skyworks Solutions Inc (NASDAQ:SWKS) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,756 shares of the semiconductor manufacturer’s stock after selling 2,335 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Skyworks Solutions were worth $3,797,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Virtus Investment Advisers Inc. acquired a new stake in shares of Skyworks Solutions during the third quarter worth $558,000. HM Payson & Co. acquired a new stake in shares of Skyworks Solutions during the third quarter worth $7,307,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Skyworks Solutions by 861.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 261,458 shares of the semiconductor manufacturer’s stock worth $19,907,000 after buying an additional 234,251 shares in the last quarter. Rainier Investment Management LLC acquired a new stake in shares of Skyworks Solutions during the third quarter worth $17,141,000. Finally, Snow Capital Management LP acquired a new stake in shares of Skyworks Solutions during the third quarter worth $48,654,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Skyworks Solutions Inc (NASDAQ:SWKS) traded up 0.01% on Thursday, hitting $106.44. The stock had a trading volume of 286,037 shares. The firm has a market cap of $19.64 billion, a PE ratio of 21.94 and a beta of 0.88. The company has a 50-day moving average price of $102.42 and a 200 day moving average price of $90.98. Skyworks Solutions Inc has a 52-week low of $57.11 and a 52-week high of $107.25. Skyworks Solutions also was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 818 call options on the stock. This is an increase of approximately 177% compared to the typical daily volume of 295 call options.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, April 27th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.03. The company had revenue of $851.70 million for the quarter, compared to analyst estimates of $840.43 million. Skyworks Solutions had a return on equity of 27.80% and a net margin of 27.40%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 earnings per share. Equities analysts forecast that Skyworks Solutions Inc will post $6.32 earnings per share for the current fiscal year.

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

A number of brokerages have recently weighed in on SWKS. ValuEngine lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Canaccord Genuity lifted their price objective on Skyworks Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Craig Hallum lifted their price objective on Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Drexel Hamilton lifted their price objective on Skyworks Solutions from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $108.00 price objective (up from $92.00) on shares of Skyworks Solutions in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $100.60.

In other Skyworks Solutions news, insider Peter L. Gammel sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $97.92, for a total value of $146,880.00. Following the sale, the insider now owns 17,605 shares of the company’s stock, valued at $1,723,881.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Liam Griffin sold 18,250 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $101.88, for a total value of $1,859,310.00. Following the completion of the sale, the insider now directly owns 64,466 shares in the company, valued at approximately $6,567,796.08. The disclosure for this sale can be found here. In the last three months, insiders sold 91,458 shares of company stock worth $9,278,031. 0.62% of the stock is owned by corporate insiders.

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.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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