Sigma Investment Counselors Inc. Has $2.51 Million Holdings in Skyworks Solutions, Inc. (SWKS)
Sigma Investment Counselors Inc. reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,385 shares of the semiconductor manufacturer’s stock after selling 507 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Skyworks Solutions were worth $2,505,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Union Bankshares Corp purchased a new stake in Skyworks Solutions in the 4th quarter valued at $1,912,000. Cullen Frost Bankers Inc. grew its holdings in Skyworks Solutions by 9.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 148,581 shares of the semiconductor manufacturer’s stock valued at $14,108,000 after buying an additional 12,828 shares in the last quarter. Van ECK Associates Corp grew its holdings in Skyworks Solutions by 69.2% in the 3rd quarter. Van ECK Associates Corp now owns 307,568 shares of the semiconductor manufacturer’s stock valued at $31,341,000 after buying an additional 125,792 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in Skyworks Solutions by 88.2% in the 3rd quarter. Pinebridge Investments L.P. now owns 108,618 shares of the semiconductor manufacturer’s stock valued at $11,069,000 after buying an additional 50,898 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its holdings in Skyworks Solutions by 18.2% in the 4th quarter. Gateway Investment Advisers LLC now owns 170,791 shares of the semiconductor manufacturer’s stock valued at $16,217,000 after buying an additional 26,237 shares in the last quarter. Institutional investors own 81.22% of the company’s stock.
Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $104.10 on Tuesday. Skyworks Solutions, Inc. has a twelve month low of $90.53 and a twelve month high of $117.65. The company has a market capitalization of $18,730.04, a PE ratio of 16.19, a P/E/G ratio of 1.02 and a beta of 0.69.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, February 21st. Skyworks Solutions’s dividend payout ratio (DPR) is 29.03%.
Skyworks Solutions announced that its board has initiated a share repurchase plan on Monday, February 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several analysts have issued reports on the company. Zacks Investment Research cut Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BidaskClub upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Tuesday. UBS Group upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. B. Riley dropped their target price on Skyworks Solutions from $131.00 to $128.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, Vetr cut Skyworks Solutions from a “sell” rating to a “strong sell” rating and set a $91.21 price target for the company. in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $115.93.
In other Skyworks Solutions news, Chairman David J. Aldrich sold 45,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $110.08, for a total value of $4,953,600.00. Following the sale, the chairman now owns 184,842 shares of the company’s stock, valued at approximately $20,347,407.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Liam Griffin sold 15,059 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $95.09, for a total value of $1,431,960.31. Following the completion of the sale, the insider now directly owns 62,359 shares in the company, valued at approximately $5,929,717.31. The disclosure for this sale can be found here. Insiders have sold a total of 137,405 shares of company stock valued at $14,462,209 over the last 90 days. 0.49% of the stock is currently owned by company 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.
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