Healthcare of Ontario Pension Plan Trust Fund Has $4.59 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.6% in the first quarter, Holdings Channel.com reports. 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Pzena Investment Management LLC purchased a new stake in Skyworks Solutions in the 4th quarter worth about $302,309,000. Norges Bank acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at about $226,266,000. Vanguard Group Inc. lifted its position in shares of Skyworks Solutions by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after purchasing an additional 745,374 shares in the last quarter. KBC Group NV boosted its holdings in shares of Skyworks Solutions by 2,156.7% during the fourth quarter. KBC Group NV now owns 440,372 shares of the semiconductor manufacturer’s stock worth $49,506,000 after purchasing an additional 420,858 shares during the period. Finally, Clearbridge Investments LLC acquired a new stake in shares of Skyworks Solutions during the first quarter worth approximately $38,688,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 0.9 %

Shares of SWKS stock opened at $112.68 on Friday. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $120.86. The company has a market cap of $18.08 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 5.41 and a beta of 1.23. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $103.14 and its two-hundred day moving average is $102.92.

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 during the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. Equities analysts predict that Skyworks Solutions, Inc. will post 5.14 EPS for the current year.

Skyworks Solutions Announces Dividend

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

Insider Buying and Selling

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the transaction, the vice president now directly owns 9,564 shares of the company’s stock, valued at approximately $1,052,040. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares of the company’s stock, valued at $1,052,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Liam Griffin bought 11,142 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the transaction, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 26,337 shares of company stock valued at $2,399,797. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SWKS. Benchmark lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Piper Sandler cut their price objective on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. TD Cowen downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their target price for the company from $125.00 to $90.00 in a research note on Wednesday, May 1st. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus lowered their price target on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.14.

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.