Sumitomo Mitsui Trust Group Inc. Grows Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 5.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 465,240 shares of the semiconductor manufacturer's stock after purchasing an additional 24,681 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.29% of Skyworks Solutions worth $41,257,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC purchased a new position in shares of Skyworks Solutions in the 4th quarter worth approximately $1,708,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Skyworks Solutions by 4.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 343,177 shares of the semiconductor manufacturer's stock worth $30,936,000 after buying an additional 13,934 shares during the last quarter. Guidance Capital Inc. boosted its stake in shares of Skyworks Solutions by 10.9% in the 4th quarter. Guidance Capital Inc. now owns 10,185 shares of the semiconductor manufacturer's stock worth $929,000 after buying an additional 1,002 shares during the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of Skyworks Solutions by 5.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer's stock worth $267,000 after buying an additional 143 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Skyworks Solutions by 31.4% in the 4th quarter. CENTRAL TRUST Co now owns 2,738 shares of the semiconductor manufacturer's stock worth $243,000 after buying an additional 654 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Price Performance

Shares of SWKS stock traded down $0.25 on Friday, reaching $65.93. The company's stock had a trading volume of 2,967,487 shares, compared to its average volume of 3,427,549. The company has a quick ratio of 4.24, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The company has a market capitalization of $10.60 billion, a P/E ratio of 20.22, a PEG ratio of 1.45 and a beta of 1.14. The stock's 50 day simple moving average is $86.73 and its 200-day simple moving average is $93.42.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. As a group, equities analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.25%. Skyworks Solutions's dividend payout ratio (DPR) is presently 85.89%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Argus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. dropped their price objective on Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 13th. Morgan Stanley dropped their price objective on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Susquehanna dropped their price objective on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 13th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $83.78.

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.