Asset Management One Co. Ltd. cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 89.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,740 shares of the semiconductor manufacturer’s stock after selling 60,096 shares during the period. Asset Management One Co. Ltd.’s holdings in Skyworks Solutions were worth $502,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Skyworks Solutions by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer’s stock valued at $1,340,393,000 after buying an additional 397,638 shares during the period. Pzena Investment Management LLC grew its stake in shares of Skyworks Solutions by 57.3% in the 2nd quarter. Pzena Investment Management LLC now owns 12,207,643 shares of the semiconductor manufacturer’s stock valued at $909,714,000 after buying an additional 4,444,747 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Skyworks Solutions by 8.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer’s stock valued at $355,922,000 after buying an additional 408,577 shares during the period. Invesco Ltd. grew its stake in shares of Skyworks Solutions by 31.0% in the 1st quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer’s stock valued at $267,675,000 after buying an additional 979,962 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Skyworks Solutions by 7.8% in the 1st quarter. Northern Trust Corp now owns 2,486,911 shares of the semiconductor manufacturer’s stock valued at $160,729,000 after buying an additional 179,663 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.
Skyworks Solutions Price Performance
Shares of NASDAQ SWKS opened at $79.16 on Friday. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $95.46. The stock’s 50 day moving average price is $75.95 and its 200-day moving average price is $72.22. The company has a market capitalization of $11.75 billion, a PE ratio of 31.66 and a beta of 1.20. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09.
Skyworks Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 18th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, November 18th. Skyworks Solutions’s payout ratio is 113.60%.
Analyst Ratings Changes
Several brokerages have recently commented on SWKS. Wall Street Zen upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Loop Capital boosted their price objective on Skyworks Solutions from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, October 16th. Cfra set a $90.00 price objective on Skyworks Solutions in a report on Tuesday. Cfra Research raised Skyworks Solutions from a “moderate sell” rating to a “hold” rating in a report on Tuesday. Finally, UBS Group raised Skyworks Solutions to a “positive” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $84.12.
Check Out Our Latest Research Report on SWKS
About Skyworks Solutions
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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