Public Employees Retirement Association of Colorado raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 35,294 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,175 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Skyworks Solutions were worth $3,351,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Manning & Napier Advisors LLC boosted its stake in shares of Skyworks Solutions by 9.3% during the 3rd quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock valued at $223,182,000 after buying an additional 186,077 shares during the period. Old Mutual Global Investors UK Ltd. raised its holdings in shares of Skyworks Solutions by 27.9% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock valued at $170,262,000 after purchasing an additional 364,933 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of Skyworks Solutions by 17.2% during the 4th quarter. APG Asset Management N.V. now owns 1,508,526 shares of the semiconductor manufacturer’s stock valued at $119,283,000 after purchasing an additional 221,587 shares in the last quarter. Platinum Investment Management Ltd. raised its holdings in shares of Skyworks Solutions by 0.3% during the 3rd quarter. Platinum Investment Management Ltd. now owns 1,108,860 shares of the semiconductor manufacturer’s stock valued at $112,992,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Skyworks Solutions by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 893,636 shares of the semiconductor manufacturer’s stock valued at $91,060,000 after purchasing an additional 21,802 shares in the last quarter. 81.77% of the stock is owned by institutional investors.

Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $102.64 on Monday. The company has a market cap of $18,860.00, a price-to-earnings ratio of 23.27, a P/E/G ratio of 1.02 and a beta of 0.69. Skyworks Solutions, Inc. has a twelve month low of $90.53 and a twelve month high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.09. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the business posted $1.61 EPS. equities analysts expect that Skyworks Solutions, Inc. will post 6.67 earnings per share for the current year.

Skyworks Solutions announced that its Board of Directors has authorized a stock repurchase plan on Monday, February 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be given a $0.32 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $1.28 annualized dividend and a yield of 1.25%. Skyworks Solutions’s dividend payout ratio is 29.02%.

In other Skyworks Solutions news, CTO Peter L. Gammel sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $108.40, for a total value of $758,800.00. Following the sale, the chief technology officer now directly owns 23,785 shares in the company, valued at approximately $2,578,294. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 4,377 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $108.30, for a total transaction of $474,029.10. Following the completion of the sale, the senior vice president now owns 17,645 shares in the company, valued at $1,910,953.50. The disclosure for this sale can be found here. Insiders sold a total of 137,405 shares of company stock worth $14,462,209 over the last 90 days. Company insiders own 0.49% of the company’s stock.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. UBS Group upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. B. Riley cut their price target on shares of Skyworks Solutions from $131.00 to $128.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Vetr downgraded shares of Skyworks Solutions from a “sell” rating to a “strong sell” rating and set a $91.21 price target on the stock. in a report on Wednesday, February 7th. Finally, BMO Capital Markets upgraded shares of Skyworks Solutions from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 6th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $115.93.

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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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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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