Mirae Asset Global Investments Co. Ltd. Has $24.83 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 12.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,310 shares of the semiconductor manufacturer's stock after buying an additional 44,133 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.25% of Skyworks Solutions worth $24,834,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions in the fourth quarter worth $29,000. Proficio Capital Partners LLC acquired a new position in Skyworks Solutions in the fourth quarter worth approximately $2,509,000. Oppenheimer & Co. Inc. raised its position in Skyworks Solutions by 66.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 3,953 shares of the semiconductor manufacturer's stock valued at $351,000 after acquiring an additional 1,578 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Skyworks Solutions by 18.1% in the 4th quarter. American Century Companies Inc. now owns 215,361 shares of the semiconductor manufacturer's stock valued at $19,098,000 after purchasing an additional 33,037 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Skyworks Solutions during the fourth quarter worth $7,947,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SWKS has been the subject of a number of analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. JPMorgan Chase & Co. reduced their price objective on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. UBS Group lowered their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Finally, Barclays upped their price target on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded down $0.27 during mid-day trading on Monday, reaching $74.53. 171,913 shares of the stock were exchanged, compared to its average volume of 3,025,971. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16. The firm has a 50-day simple moving average of $69.31 and a 200 day simple moving average of $73.05. The company has a current ratio of 4.95, a quick ratio of 3.84 and a debt-to-equity ratio of 0.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The company's revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the business posted $1.55 earnings per share. On average, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions's payout ratio is presently 109.80%.

Skyworks Solutions Company 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.