Daiwa Securities Group Inc. Has $1.97 Million Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Daiwa Securities Group Inc. boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,475 shares of the semiconductor manufacturer’s stock after buying an additional 984 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Skyworks Solutions were worth $1,965,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SWKS. Pacer Advisors Inc. increased its position in Skyworks Solutions by 40.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock worth $180,083,000 after buying an additional 465,223 shares during the last quarter. AQR Capital Management LLC increased its position in Skyworks Solutions by 42.0% during the third quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock worth $112,951,000 after buying an additional 338,838 shares during the last quarter. LSV Asset Management grew its position in shares of Skyworks Solutions by 24.2% in the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after purchasing an additional 338,820 shares during the last quarter. Invesco Ltd. grew its position in shares of Skyworks Solutions by 11.8% in the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock valued at $299,245,000 after purchasing an additional 321,243 shares during the last quarter. Finally, AustralianSuper Pty Ltd acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $29,522,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 2.1 %

Shares of SWKS opened at $98.11 on Tuesday. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 1.78 and a beta of 1.37. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69. The company has a 50-day moving average price of $104.29 and a two-hundred day moving average price of $101.72.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company earned $2.33 earnings per share. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. Equities analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 48.23%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SWKS. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. Susquehanna raised their price target on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Skyworks Solutions in a research report on Thursday, January 4th. StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $115.10.

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.