Canada Pension Plan Investment Board Sells 81,932 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Canada Pension Plan Investment Board decreased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 37.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 136,848 shares of the semiconductor manufacturer’s stock after selling 81,932 shares during the quarter. Canada Pension Plan Investment Board owned about 0.09% of Skyworks Solutions worth $14,585,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SWKS. Quest Partners LLC purchased a new stake in shares of Skyworks Solutions in the fourth quarter worth about $68,000. Hilltop Holdings Inc. raised its holdings in shares of Skyworks Solutions by 6.9% during the 4th quarter. Hilltop Holdings Inc. now owns 5,023 shares of the semiconductor manufacturer’s stock worth $565,000 after acquiring an additional 326 shares in the last quarter. United Services Automobile Association boosted its position in shares of Skyworks Solutions by 0.8% during the 4th quarter. United Services Automobile Association now owns 98,855 shares of the semiconductor manufacturer’s stock valued at $11,113,000 after acquiring an additional 808 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Skyworks Solutions by 2.2% in the fourth quarter. TD Asset Management Inc now owns 157,547 shares of the semiconductor manufacturer’s stock valued at $17,711,000 after purchasing an additional 3,350 shares in the last quarter. Finally, Portfolio Design Labs LLC bought a new stake in Skyworks Solutions in the fourth quarter worth $1,469,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Up 0.4 %

Shares of NASDAQ SWKS opened at $98.11 on Tuesday. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $120.86. The firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 4.56 and a beta of 1.21. The stock has a 50 day moving average price of $106.37 and a 200 day moving average price of $102.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. The business had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The business’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. Sell-side analysts expect that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.70 per share. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.85%. Skyworks Solutions’s dividend payout ratio (DPR) is 52.63%.

Insider Activity

In related news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the transaction, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the sale, the senior vice president now directly owns 17,455 shares in the company, valued at approximately $1,875,888.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the transaction, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,068 shares of company stock worth $1,252,490. 0.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SWKS has been the subject of several research reports. Rosenblatt Securities increased their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Robert W. Baird lifted their target price on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $114.18.

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.