Principal Financial Group Inc. Purchases 6,302 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Principal Financial Group Inc. grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 3.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 200,873 shares of the semiconductor manufacturer's stock after acquiring an additional 6,302 shares during the period. Principal Financial Group Inc. owned about 0.13% of Skyworks Solutions worth $19,840,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SWKS. Rothschild Investment LLC purchased a new stake in Skyworks Solutions during the second quarter valued at about $27,000. Innealta Capital LLC bought a new position in shares of Skyworks Solutions in the second quarter valued at approximately $27,000. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions in the third quarter valued at approximately $27,000. Investors Research Corp grew its stake in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after acquiring an additional 213 shares in the last quarter. Finally, Matrix Trust Co bought a new stake in Skyworks Solutions during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Loop Capital started coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They set a "hold" rating and a $90.00 price target for the company. Barclays dropped their price objective on Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating for the company in a research note on Wednesday, November 13th. Morgan Stanley dropped their price target on Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 13th. Susquehanna cut their price objective on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday, November 13th. Finally, Mizuho lowered their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $101.00.

Insiders Place Their Bets

In other news, SVP Carlos S. Bori sold 10,177 shares of the business'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 sale, the senior vice president now owns 27,026 shares in the company, valued at approximately $2,638,548.38. The trade was a 27.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Robert John Terry sold 10,522 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 22,520 shares of company stock worth $2,083,803. Company insiders own 0.34% of the company's stock.

Skyworks Solutions Trading Down 0.3 %

Shares of NASDAQ:SWKS traded down $0.27 during trading on Friday, reaching $90.15. 1,331,996 shares of the company traded hands, compared to its average volume of 2,388,758. The business's fifty day moving average is $89.05 and its 200-day moving average is $99.22. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.01 and a beta of 1.19.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. Skyworks Solutions's quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.95 EPS. As a group, analysts forecast 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 was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio is currently 75.68%.

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.