Nissay Asset Management Corp Japan ADV lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,517 shares of the semiconductor manufacturer's stock after purchasing an additional 4,139 shares during the quarter. Nissay Asset Management Corp Japan ADV owned about 0.05% of Skyworks Solutions worth $7,439,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in SWKS. Barclays PLC grew 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 buying an additional 949,407 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Skyworks Solutions by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 200,873 shares of the semiconductor manufacturer's stock worth $19,840,000 after buying an additional 6,302 shares in the last quarter. Czech National Bank grew its holdings in Skyworks Solutions by 6.4% in the 4th quarter. Czech National Bank now owns 34,630 shares of the semiconductor manufacturer's stock worth $3,071,000 after buying an additional 2,095 shares in the last quarter. BTS Asset Management Inc. bought a new position in Skyworks Solutions in the 4th quarter worth approximately $229,000. Finally, Aaron Wealth Advisors LLC bought a new position in Skyworks Solutions in the 4th quarter worth approximately $210,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.
Skyworks Solutions Price Performance
Shares of SWKS traded down $0.40 during trading hours on Monday, hitting $72.92. 2,260,753 shares of the company were exchanged, compared to its average volume of 2,910,850. The company has a market capitalization of $10.95 billion, a PE ratio of 22.37, a PEG ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a fifty day simple moving average of $63.39 and a 200-day simple moving average of $76.28. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86.
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 for the quarter, topping the consensus estimate of $1.20 by $0.04. The business had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The company's revenue was down 8.9% compared to the same quarter last year. During the same period last year, the company posted $1.55 EPS. As a group, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.
Skyworks Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders 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 annualized dividend and a dividend yield of 3.84%. Skyworks Solutions's dividend payout ratio (DPR) is presently 109.80%.
Insider Transactions at Skyworks Solutions
In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities analysts recently issued reports on SWKS shares. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. The Goldman Sachs Group decreased 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. Morgan Stanley decreased their price objective on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Mizuho lowered Skyworks Solutions from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, B. Riley lowered Skyworks Solutions from a "buy" rating to a "neutral" rating and decreased their price target for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions has a consensus rating of "Hold" and an average price target of $78.29.
View Our Latest Analysis on SWKS
Skyworks Solutions Company Profile
(
Free Report)
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.
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