Nomura Holdings Inc. Takes $1.72 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Nomura Holdings Inc. acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,421 shares of the semiconductor manufacturer's stock, valued at approximately $1,722,000.

Several other institutional investors and hedge funds have also modified their holdings of SWKS. Norges Bank purchased a new stake in Skyworks Solutions in the 4th quarter worth approximately $228,646,000. Pzena Investment Management LLC boosted its holdings in Skyworks Solutions by 37.5% during the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock worth $499,273,000 after buying an additional 1,536,289 shares in the last quarter. Marshall Wace LLP boosted its holdings in Skyworks Solutions by 4,364.4% during the fourth quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock worth $126,072,000 after buying an additional 1,389,803 shares in the last quarter. Vulcan Value Partners LLC grew its position in Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock valued at $469,162,000 after buying an additional 1,194,782 shares during the period. Finally, Barclays PLC increased its holdings in Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after buying an additional 949,407 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Insider Transactions at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at approximately $661,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.28% of the company's stock.

Skyworks Solutions Trading Down 2.2%

Shares of SWKS traded down $1.56 during midday trading on Friday, reaching $68.80. The company had a trading volume of 1,010,767 shares, compared to its average volume of 2,916,037. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $63.65 and a 200-day simple moving average of $75.99. The stock has a market cap of $10.33 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted 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. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The company had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. During the same period in the previous year, the business posted $1.55 EPS. Skyworks Solutions's revenue was down 8.9% on a year-over-year basis. Research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is presently 109.80%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SWKS shares. B. Riley lowered Skyworks Solutions from a "buy" rating to a "neutral" rating and cut their price target for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Argus cut Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Mizuho lowered Skyworks Solutions from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Finally, Piper Sandler cut their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $78.29.

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.