MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 12,416 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,039 shares of the semiconductor manufacturer's stock after buying an additional 12,416 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.11% of Skyworks Solutions worth $15,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SWKS. Norges Bank purchased a new stake in Skyworks Solutions during the fourth quarter valued at approximately $228,646,000. Pzena Investment Management LLC grew its position in shares of Skyworks Solutions by 37.5% during the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock valued at $499,273,000 after acquiring an additional 1,536,289 shares during the period. Marshall Wace LLP grew its position in shares of Skyworks Solutions by 4,364.4% during the 4th quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock valued at $126,072,000 after acquiring an additional 1,389,803 shares during the period. Vulcan Value Partners LLC increased its stake in shares of Skyworks Solutions by 29.2% in the 4th quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after purchasing an additional 1,194,782 shares in the last quarter. Finally, Barclays PLC raised its holdings in Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after purchasing an additional 949,407 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded down $0.24 during trading hours on Wednesday, hitting $73.04. The company's stock had a trading volume of 423,047 shares, compared to its average volume of 2,903,737. The business has a 50 day moving average price of $63.62 and a two-hundred day moving average price of $76.14. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The company has a market cap of $10.97 billion, a PE ratio of 22.41, a PEG ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The business's revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 earnings per share. Analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given 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 dividend yield of 3.83%. Skyworks Solutions's dividend payout ratio is currently 109.80%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SWKS shares. Piper Sandler cut their price target on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group cut their price objective on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Mizuho lowered shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Barclays raised their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a research 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $78.29.

Insider Buying and Selling

In other news, CEO Philip G. Brace bought 10,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 10,000 shares of the company's stock, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

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.