Skyworks Solutions, Inc. (NASDAQ:SWKS) Stake Increased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,307 shares of the semiconductor manufacturer’s stock after buying an additional 671 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Skyworks Solutions were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SWKS. Forsta AP Fonden raised its holdings in shares of Skyworks Solutions by 27.0% during the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock worth $3,674,000 after acquiring an additional 7,900 shares in the last quarter. Versor Investments LP grew its position in Skyworks Solutions by 115.3% in the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock worth $1,966,000 after acquiring an additional 10,658 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Skyworks Solutions by 25.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock worth $152,915,000 after purchasing an additional 325,672 shares during the last quarter. Barclays PLC raised its holdings in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Skyworks Solutions by 20.2% in the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock valued at $3,615,000 after purchasing an additional 6,151 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 0.9 %

SWKS opened at $65.23 on Wednesday. The company has a market capitalization of $10.49 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.45 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.24. The firm’s fifty day moving average price is $88.01 and its two-hundred day moving average price is $94.17. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is 85.89%.

Analyst Upgrades and Downgrades

Several research firms have commented on SWKS. Piper Sandler cut their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Craig Hallum decreased their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $83.78.

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.