Healthcare of Ontario Pension Plan Trust Fund Makes New $4.16 Million Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 37,000 shares of the semiconductor manufacturer’s stock, valued at approximately $4,160,000.

Several other large investors also recently modified their holdings of SWKS. Johnson Investment Counsel Inc. grew its position in shares of Skyworks Solutions by 6.4% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 4,486 shares of the semiconductor manufacturer’s stock worth $442,000 after buying an additional 270 shares during the period. Kestra Advisory Services LLC grew its position in Skyworks Solutions by 7.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 15,764 shares of the semiconductor manufacturer’s stock valued at $1,554,000 after purchasing an additional 1,109 shares during the period. Korea Investment CORP grew its position in Skyworks Solutions by 294.8% in the 3rd quarter. Korea Investment CORP now owns 98,207 shares of the semiconductor manufacturer’s stock valued at $9,682,000 after purchasing an additional 73,332 shares during the period. QRG Capital Management Inc. acquired a new stake in Skyworks Solutions in the 3rd quarter valued at $2,439,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Skyworks Solutions in the 3rd quarter valued at $640,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 0.2 %

NASDAQ SWKS opened at $106.46 on Wednesday. The stock has a market capitalization of $17.08 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 4.98 and a beta of 1.24. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. The business’s fifty day moving average is $96.37 and its 200-day moving average is $102.49.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. Equities research analysts predict that Skyworks Solutions, Inc. will post 5.22 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SWKS shares. Rosenblatt Securities reduced their price target on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Mizuho reduced their price target on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, May 1st. TD Cowen cut Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $90.00 in a research note on Wednesday, May 1st. Finally, StockNews.com cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $106.25.

Insider Activity at Skyworks Solutions

In other news, CEO Liam Griffin acquired 11,142 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the purchase, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Liam Griffin acquired 11,142 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the purchase, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now owns 60,881 shares in the company, valued at $5,495,727.87. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.