Dai Ichi Life Insurance Company Ltd trimmed its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,652 shares of the semiconductor manufacturer’s stock after selling 425 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Skyworks Solutions were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Girard Partners LTD. increased its position in Skyworks Solutions by 0.3% during the 2nd quarter. Girard Partners LTD. now owns 5,819 shares of the semiconductor manufacturer’s stock worth $558,000 after purchasing an additional 16 shares in the last quarter. Cadence Capital Management LLC increased its position in Skyworks Solutions by 0.3% during the 2nd quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock worth $738,000 after purchasing an additional 21 shares in the last quarter. Winslow Evans & Crocker Inc. increased its position in Skyworks Solutions by 3.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after purchasing an additional 35 shares in the last quarter. Montag A & Associates Inc. increased its position in Skyworks Solutions by 0.5% during the 2nd quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock worth $874,000 after purchasing an additional 41 shares in the last quarter. Finally, Cleararc Capital Inc. increased its position in Skyworks Solutions by 1.1% during the 1st quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock worth $445,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

A number of research firms recently issued reports on SWKS. Craig Hallum upped their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Vetr cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $110.24 price objective for the company. in a research report on Wednesday, June 7th. Canaccord Genuity reiterated a “buy” rating and set a $117.00 price objective (up from $115.00) on shares of Skyworks Solutions in a research report on Saturday, July 22nd. Northland Securities reiterated a “buy” rating and set a $115.00 price objective on shares of Skyworks Solutions in a research report on Friday, August 4th. Finally, B. Riley reiterated a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $111.82.

ILLEGAL ACTIVITY WARNING: “Skyworks Solutions, Inc. (SWKS) Shares Sold by Dai Ichi Life Insurance Company Ltd” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/18/skyworks-solutions-inc-swks-shares-sold-by-dai-ichi-life-insurance-company-ltd.html.

In other news, Director Christine King sold 3,705 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the sale, the director now owns 16,641 shares in the company, valued at approximately $1,777,591.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Liam Griffin sold 8,056 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total transaction of $848,377.36. Following the sale, the insider now owns 54,310 shares in the company, valued at approximately $5,719,386.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,371 shares of company stock worth $1,505,093. Company insiders own 0.49% of the company’s stock.

Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at 109.55 on Monday. The firm has a 50 day moving average of $104.40 and a 200-day moving average of $102.14. The company has a market capitalization of $20.13 billion, a price-to-earnings ratio of 21.03 and a beta of 0.81. Skyworks Solutions, Inc. has a 1-year low of $71.65 and a 1-year high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The firm had revenue of $900.80 million for the quarter, compared to analysts’ expectations of $890.58 million. During the same quarter in the previous year, the business posted $1.24 EPS. The company’s quarterly revenue was up 19.8% on a year-over-year basis. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, August 4th. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s payout ratio is 24.57%.

Skyworks Solutions Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Stock Ratings for Skyworks Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions Inc. and related stocks with our FREE daily email newsletter.