Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,411 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,411 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Skyworks Solutions were worth $4,594,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Duality Advisers LP purchased a new position in Skyworks Solutions in the first quarter worth $1,517,000. State of Tennessee Treasury Department increased its holdings in shares of Skyworks Solutions by 152.8% in the 4th quarter. State of Tennessee Treasury Department now owns 118,960 shares of the semiconductor manufacturer’s stock valued at $13,373,000 after purchasing an additional 71,899 shares in the last quarter. Highland Capital Management LLC lifted its stake in shares of Skyworks Solutions by 91.4% in the fourth quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock valued at $4,785,000 after purchasing an additional 20,330 shares during the period. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Skyworks Solutions during the fourth quarter worth about $10,053,000. Finally, Brookstone Capital Management acquired a new position in Skyworks Solutions during the first quarter worth about $262,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Skyworks Solutions

In related news, CEO Liam Griffin bought 11,142 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares in the company, valued at $9,373,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares in the company, valued at $1,052,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Liam Griffin acquired 11,142 shares of Skyworks Solutions stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the purchase, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The disclosure for this purchase can be found here. Insiders have sold a total of 26,337 shares of company stock worth $2,399,797 in the last three months. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Down 0.9 %

SWKS stock opened at $112.68 on Friday. The company has a 50 day moving average price of $103.14 and a two-hundred day moving average price of $102.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. The stock has a market capitalization of $18.08 billion, a P/E ratio of 21.18, a PEG ratio of 5.41 and a beta of 1.23. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.08. The business 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%. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 5.14 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SWKS. Susquehanna lifted their price target on shares of Skyworks Solutions from $90.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Wells Fargo & Company decreased their target price on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. Piper Sandler dropped their price target on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Citigroup decreased their price objective on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research report on Thursday, May 2nd. Finally, Benchmark downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $107.14.

Skyworks Solutions 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.