Principal Financial Group Inc. Grows Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Principal Financial Group Inc. lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,873 shares of the semiconductor manufacturer's stock after buying an additional 6,302 shares during the period. Principal Financial Group Inc. owned approximately 0.13% of Skyworks Solutions worth $19,840,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vulcan Value Partners LLC increased its stake in Skyworks Solutions by 38.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer's stock worth $481,552,000 after purchasing an additional 1,262,964 shares during the period. Pacer Advisors Inc. increased its stake in shares of Skyworks Solutions by 54.9% in the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock worth $370,768,000 after buying an additional 1,233,618 shares during the period. Swedbank AB bought a new stake in Skyworks Solutions during the 1st quarter valued at $110,086,000. Vanguard Group Inc. boosted its position in Skyworks Solutions by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer's stock valued at $2,101,619,000 after buying an additional 745,374 shares during the period. Finally, Pzena Investment Management LLC grew its holdings in Skyworks Solutions by 19.3% in the 2nd quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer's stock worth $435,943,000 after acquiring an additional 661,144 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded down $0.31 during mid-day trading on Friday, hitting $83.69. 3,278,401 shares of the company traded hands, compared to its average volume of 2,382,870. The company has a quick ratio of 4.29, a current ratio of 3.01 and a debt-to-equity ratio of 0.16. The stock's fifty day moving average price is $95.14 and its 200-day moving average price is $100.20. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 3.77 and a beta of 1.21. Skyworks Solutions, Inc. has a one year low of $82.13 and a one year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the company posted $1.95 EPS. The firm's revenue was down 15.9% on a year-over-year basis. Research analysts anticipate that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio (DPR) is 75.68%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SWKS. Stifel Nicolaus lifted their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. The Goldman Sachs Group upgraded shares of Skyworks Solutions to a "hold" rating in a research report on Wednesday, July 31st. Piper Sandler decreased their price target on shares of Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating for the company in a research note on Wednesday. Loop Capital initiated coverage on Skyworks Solutions in a report on Monday. They set a "hold" rating and a $90.00 target price on the stock. Finally, Morgan Stanley lowered their target price on Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $101.00.

Insider Buying and Selling

In other news, SVP Robert John Terry sold 10,522 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares of the company's stock, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the firm's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the transaction, the senior vice president now directly owns 27,026 shares of the company's stock, valued at $2,638,548.38. The trade was a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,841 shares of company stock valued at $3,034,265. Company insiders own 0.34% of the company's stock.

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.