Mitsubishi UFJ Trust & Banking Corp Sells 8,415 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,913 shares of the semiconductor manufacturer's stock after selling 8,415 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.12% of Skyworks Solutions worth $16,398,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SWKS. Pzena Investment Management LLC lifted its holdings in Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock worth $499,273,000 after purchasing an additional 1,536,289 shares during the last quarter. Barclays PLC raised its position in shares of Skyworks Solutions by 96.4% in the third 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 during the period. Wellington Management Group LLP lifted its stake in shares of Skyworks Solutions by 52.0% in the third quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer's stock worth $223,994,000 after buying an additional 775,470 shares during the last quarter. KBC Group NV boosted its holdings in shares of Skyworks Solutions by 114.0% during the 4th quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer's stock worth $110,697,000 after buying an additional 664,874 shares during the period. Finally, Vanguard Group Inc. grew its stake in Skyworks Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock valued at $1,803,915,000 after buying an additional 562,783 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

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Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace acquired 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SWKS shares. Stifel Nicolaus lowered Skyworks Solutions from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Citigroup boosted their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research report on Friday, January 10th. B. Riley cut shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and reduced their target price for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Argus lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Mizuho cut Skyworks Solutions from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $83.78.

Skyworks Solutions Trading Down 0.1 %

Shares of SWKS traded down $0.04 on Wednesday, reaching $64.58. 395,002 shares of the company's stock were exchanged, compared to its average volume of 2,645,352. The business has a 50 day moving average price of $72.04 and a two-hundred day moving average price of $84.82. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The stock has a market capitalization of $10.38 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.34%. Skyworks Solutions's dividend payout ratio (DPR) is presently 85.89%.

Skyworks Solutions 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.