Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,772 shares of the semiconductor manufacturer’s stock after buying an additional 3,670 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Skyworks Solutions were worth $4,244,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Mechanics Bank Trust Department purchased a new position in Skyworks Solutions in the third quarter worth $25,000. Squar Milner Financial Services LLC boosted its position in Skyworks Solutions by 492.6% in the third quarter. Squar Milner Financial Services LLC now owns 320 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 266 shares during the last quarter. Allred Capital Management LLC purchased a new position in Skyworks Solutions in the fourth quarter worth $27,000. Sugarloaf Wealth Management LLC purchased a new position in Skyworks Solutions in the fourth quarter worth $30,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Skyworks Solutions in the third quarter worth $32,000. 83.20% of the stock is currently owned by institutional investors.

Shares of NASDAQ SWKS opened at $122.59 on Friday. Skyworks Solutions Inc has a one year low of $66.29 and a one year high of $128.48. The company has a debt-to-equity ratio of 0.04, a current ratio of 7.04 and a quick ratio of 5.23. The business’s fifty day moving average price is $119.97 and its 200-day moving average price is $96.87. The stock has a market capitalization of $20.86 billion, a PE ratio of 25.65, a P/E/G ratio of 1.36 and a beta of 1.23.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor manufacturer reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.16. Skyworks Solutions had a return on equity of 23.03% and a net margin of 25.02%. The firm had revenue of $896.10 million for the quarter, compared to analysts’ expectations of $881.80 million. During the same quarter in the prior year, the firm earned $1.83 EPS. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. As a group, equities analysts expect that Skyworks Solutions Inc will post 5.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 11th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.44%. Skyworks Solutions’s payout ratio is 30.82%.

In related news, Director Timothy R. Furey sold 2,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.76, for a total transaction of $201,520.00. Following the sale, the director now directly owns 18,824 shares in the company, valued at approximately $1,896,706.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David J. Aldrich sold 40,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $97.47, for a total value of $3,898,800.00. Following the sale, the director now owns 213,032 shares in the company, valued at $20,764,229.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 202,482 shares of company stock worth $21,762,271. 0.64% of the stock is currently owned by corporate insiders.

SWKS has been the topic of several research analyst reports. Canaccord Genuity boosted their price objective on Skyworks Solutions from $102.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Longbow Research boosted their price objective on Skyworks Solutions from $138.00 to $142.00 and gave the stock a “positive” rating in a research report on Friday, January 24th. Cascend Securities boosted their price objective on Skyworks Solutions from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. BidaskClub cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st. Finally, Charter Equity raised Skyworks Solutions from a “market perform” rating to a “buy” rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company. Skyworks Solutions presently has a consensus rating of “Buy” and an average price target of $117.96.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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