On July 24, 2023, it was reported that Nisa Investment Advisors LLC has reduced its stake in Skyworks Solutions, Inc. The investment firm disclosed in its recent Form 13F filing with the Securities and Exchange Commission (SEC) that it now owns 49,921 shares of the semiconductor manufacturer’s stock, a decrease of 14.0%. This reduction in holdings amounts to selling 8,145 shares during the first quarter. As of the most recent filing with the SEC, Nisa Investment Advisors LLC’s stake in Skyworks Solutions had an estimated value of $5,890,000.
Skyworks Solutions (NASDAQ:SWKS) recently released its earnings results on May 8th. For the quarter, the semiconductor manufacturer reported earnings per share (EPS) of $2.02. However, this fell slightly below analysts’ expectations of $2.03 EPS by ($0.01). Despite this marginal miss on estimates, Skyworks Solutions maintained a return on equity of 26.38% and a net margin of 21.70%. The company generated $1.15 billion in revenue for the quarter, which aligned with analysts’ projections for the same figure.
Comparing these results to the previous year’s performance reveals a decline in quarterly revenue by 13.7%. In the same quarter of the previous year, Skyworks Solutions earned $2.29 EPS compared to $2.02 EPS in the recent quarter.
Moving forward, research analysts predict that for the current fiscal year, Skyworks Solutions will post earnings per share totaling approximately 7.36.
Skyworks Solutions is an industry leader in designing and producing proprietary semiconductor products across various regions including North America, Asia-Pacific, Europe as well as Africa and Middle East markets respectively. Its extensive product portfolio encompasses a wide range of offerings such as amplifiers, antenna tuners, attenuators along with automotive tuners and digital radios. The company also manufactures clocks and timings, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids and light emitting diode drivers.
Furthermore, Skyworks Solutions specializes in low noise amplifiers, mixers, modulators as well as optocouplers/optoisolators and phase locked loops. Other products include phase shifters, power dividers/combiners, receivers and switches. Additionally the company produces synthesizers and timing devices as well as technical ceramics and voltage controlled oscillators/synthesizers. Rounding off their product line are voltage regulators.
Skyworks Solutions has solidified its position in the semiconductor industry through its commitment to innovation and high-quality manufacturing processes. With a diverse range of products catering to various sectors such as automotive technology and telecommunications, the company continues to be at the forefront of technological advancements.
In conclusion, Nisa Investment Advisors LLC reducing its stake in Skyworks Solutions is a significant development in the investment landscape. Despite a slight miss on earnings estimates for the recent quarter, Skyworks Solutions remains a key player in the semiconductor market with an extensive portfolio of cutting-edge products. As the company strives for continued growth and innovation in an ever-evolving industry, investors will undoubtedly keep a close eye on its performance moving forward.
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Analysis of Ownership Changes and Performance at Skyworks Solutions, Inc.
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”SWKS” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Skyworks Solutions, Inc. is a prominent semiconductor manufacturer that has recently caught the attention of several hedge funds and institutional investors. This article aims to provide an overview of the recent changes in ownership and analyze the company’s performance.
In the first quarter of this year, Vanguard Group Inc., one of the largest investment management companies, increased its holdings in Skyworks Solutions by 0.5%. This move resulted in Vanguard Group Inc. owning 18,027,044 shares of the company’s stock, valued at $2,402,644,000. Another major player, Victory Capital Management Inc., witnessed a significant increase in its holdings by 74.9% during the fourth quarter of last year. They now own 4,160,288 shares worth $379,127,000. Geode Capital Management LLC also experienced growth in its stake by 0.8%, resulting in ownership of 3,475,826 shares valued at $316,205,000. Similarly, Edmp Inc.’s stake grew exponentially by 8,838.8% to reach 3,399,240 shares worth $37,301,000. Lastly, Lazard Asset Management LLC raised their stake by 15% and now own 3,285,893 shares valued at $299,442.
These figures indicate that institutional investors have shown a significant interest in Skyworks Solutions as they believe in the long-term potential and profitability of this semiconductor manufacturer.
On July 24th this year (reference date), Skyworks Solutions’ stock opened at $112.98 per share. Over the past year or so has experienced varying price ranges with a low point of $76.16 and a high point of $123.69 per share respectively according to data from Bloomberg.
Analyzing the financial health of Skyworks Solutions shows promising results as well. The company reported a market capitalization of approximately $17 billion and maintains a price-to-earnings ratio of 16.30, indicating a relatively good value for the stock. Furthermore, with a PEG ratio of 1.02, Skyworks Solutions seems to be reasonably priced compared to its expected growth rate.
Skyworks Solutions operates on a global scale, with its products reaching markets in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and Asia-Pacific. Their diverse product portfolio includes amplifiers, antennas tuners, attenuators, digital radios, and optocouplers/optoisolators among others. This diversification allows the company to cater to various market segments and reduces reliance on a single product line.
The company also recently announced a quarterly dividend payment. Stockholders who were recorded as being owners as of May 30th received a $0.62 dividend per share. With an annualized dividend yield of 2.20%, this represents a payout ratio of approximately 35.79%.
Research reports have been mixed about Skyworks Solutions’ future prospects. Some analysts have downgraded their rating on the stock due to reasons like reduced price objectives or market perform warnings from outperform ratings by Wolfe Research and BMO Capital Markets respectively.
Nonetheless Bloomberg’s analysis indicates that most research analysts maintain positive outlooks on Skyworks Solutions with an overall consensus rating of “Moderate Buy” and an average target price of $119.92 per share.
In conclusion, Skyworks Solutions has attracted significant attention from institutional investors due to its solid financial performance and diverse product portfolio. Although research reports may vary in their recommendations for the stock’s price potential in the near term it appears that there is overall optimism regarding its long-term prospects. Investors should remain attentive to any developments or news related to this semiconductor manufacturer for future investment decisions.
