OMERS ADMINISTRATION Corp Sells 6,472 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

OMERS ADMINISTRATION Corp decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,664 shares of the semiconductor manufacturer's stock after selling 6,472 shares during the period. OMERS ADMINISTRATION Corp's holdings in Skyworks Solutions were worth $1,655,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SWKS. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in Skyworks Solutions in the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management acquired a new stake in Skyworks Solutions in the fourth quarter valued at approximately $33,000. Manchester Capital Management LLC grew its position in Skyworks Solutions by 325.2% in the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock worth $49,000 after acquiring an additional 426 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter worth $56,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Insider Activity

In related news, CEO Philip G. Brace acquired 10,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at approximately $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stifel Nicolaus raised their target price on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Mizuho downgraded Skyworks Solutions from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. UBS Group decreased their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and lowered their price target for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Finally, Argus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Stock Down 0.4%

NASDAQ:SWKS traded down $0.26 on Wednesday, hitting $73.02. 423,047 shares of the company's stock were exchanged, compared to its average volume of 2,903,737. The firm has a 50-day moving average price of $63.62 and a 200-day moving average price of $76.14. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The company has a market cap of $10.96 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The firm's revenue was down 8.9% on a year-over-year basis. During the same period last year, the business earned $1.55 earnings per share. As a group, analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.83%. Skyworks Solutions's dividend payout ratio is currently 109.80%.

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.