Nomura Holdings Inc. Takes Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Nomura Holdings Inc. acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 19,421 shares of the semiconductor manufacturer's stock, valued at approximately $1,722,000.

Several other large investors also recently modified their holdings of SWKS. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions in the fourth quarter valued at about $29,000. Picton Mahoney Asset Management bought a new position in Skyworks Solutions during the fourth quarter worth about $33,000. Manchester Capital Management LLC increased its position in Skyworks Solutions by 325.2% during 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 during the period. Finally, Quadrant Capital Group LLC raised its stake in Skyworks Solutions by 53.2% in the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock worth $56,000 after purchasing an additional 218 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Insider Activity at Skyworks Solutions

In related news, CEO Philip G. Brace acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.28% of the stock is currently owned by company insiders.

Skyworks Solutions Price Performance

SWKS traded down $1.93 on Wednesday, reaching $71.35. The stock had a trading volume of 3,478,706 shares, compared to its average volume of 2,915,688. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. The firm has a 50-day moving average of $63.62 and a 200-day moving average of $76.14.

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

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.92%. Skyworks Solutions's payout ratio is 109.80%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SWKS shares. B. Riley lowered shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Stifel Nicolaus increased their price target on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. The Goldman Sachs Group dropped their price objective on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Morgan Stanley dropped their price target on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $78.29.

About Skyworks Solutions

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.