Natixis Advisors L.P. Has $15.11 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Posted by Defense World Staff on Apr 12th, 2023

Skyworks Solutions logo Natixis Advisors L.P. lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Rating) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,830 shares of the semiconductor manufacturer’s stock after selling 5,494 shares during the period. Natixis Advisors L.P. owned about 0.10% of Skyworks Solutions worth $15,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Asio Capital LLC grew its stake in shares of Skyworks Solutions by 15.5% in the 4th quarter. Asio Capital LLC now owns 26,090 shares of the semiconductor manufacturer’s stock worth $2,378,000 after acquiring an additional 3,499 shares in the last quarter. Eukles Asset Management boosted its position in Skyworks Solutions by 3.7% in the fourth quarter. Eukles Asset Management now owns 20,665 shares of the semiconductor manufacturer’s stock worth $1,883,000 after purchasing an additional 729 shares during the last quarter. Stiles Financial Services Inc purchased a new position in Skyworks Solutions in the fourth quarter worth $207,000. Sigma Investment Counselors Inc. raised its holdings in shares of Skyworks Solutions by 0.5% in the 4th quarter. Sigma Investment Counselors Inc. now owns 23,746 shares of the semiconductor manufacturer’s stock worth $2,164,000 after purchasing an additional 120 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Skyworks Solutions by 15.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 78,585 shares of the semiconductor manufacturer’s stock worth $7,161,000 after purchasing an additional 10,494 shares during the period. Institutional investors and hedge funds own 75.37% of the company’s stock.

Skyworks Solutions Trading Down 1.2 %

Shares of SWKS opened at $110.44 on Wednesday. The firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 0.90 and a beta of 1.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.79 and a quick ratio of 1.75. Skyworks Solutions, Inc. has a 1-year low of $76.16 and a 1-year high of $124.19. The company has a 50-day moving average of $114.61 and a 200 day moving average of $100.36.

Skyworks Solutions (NASDAQ:SWKS – Get Rating) last announced its earnings results on Monday, February 6th. The semiconductor manufacturer reported $2.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.59. Skyworks Solutions had a return on equity of 28.65% and a net margin of 22.33%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the firm earned $2.90 EPS. The business’s revenue for the quarter was down 12.0% on a year-over-year basis. On average, research analysts expect that Skyworks Solutions, Inc. will post 8.21 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 21st. Shareholders of record on Tuesday, February 28th were paid a dividend of $0.62 per share. The ex-dividend date was Monday, February 27th. This represents a $2.48 annualized dividend and a yield of 2.25%. Skyworks Solutions’s payout ratio is presently 33.83%.

Skyworks Solutions announced that its board has initiated a stock buyback program on Monday, February 6th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to repurchase up to 11.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. TheStreet upgraded shares of Skyworks Solutions from a “c+” rating to a “b-” rating in a research note on Thursday, February 9th. Barclays upgraded Skyworks Solutions from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $95.00 to $125.00 in a research report on Monday, January 23rd. KeyCorp lifted their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, February 7th. JPMorgan Chase & Co. raised their price objective on shares of Skyworks Solutions from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, February 7th. Finally, Craig Hallum increased their price target on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.58.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Reza Kasnavi sold 3,000 shares of the business’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $120.03, for a total transaction of $360,090.00. Following the completion of the transaction, the senior vice president now directly owns 16,994 shares in the company, valued at $2,039,789.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Reza Kasnavi sold 3,000 shares of Skyworks Solutions stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $120.03, for a total transaction of $360,090.00. Following the completion of the transaction, the senior vice president now directly owns 16,994 shares of the company’s stock, valued at approximately $2,039,789.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Karilee A. Durham sold 2,716 shares of the company’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $110.00, for a total value of $298,760.00. Following the transaction, the senior vice president now directly owns 13,428 shares of the company’s stock, valued at $1,477,080. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Skyworks Solutions Company Profile

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Skyworks Solutions, Inc engages in the design, development, and manufacture of proprietary semiconductor products. Its products include amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics.