Meiji Yasuda Asset Management Co Ltd. Purchases 600 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,640 shares of the semiconductor manufacturer’s stock after purchasing an additional 600 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Skyworks Solutions were worth $601,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Duality Advisers LP acquired a new stake in shares of Skyworks Solutions during the 1st quarter worth about $1,517,000. State of Tennessee Treasury Department grew its position in shares of Skyworks Solutions by 152.8% in the fourth quarter. State of Tennessee Treasury Department now owns 118,960 shares of the semiconductor manufacturer’s stock valued at $13,373,000 after purchasing an additional 71,899 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $10,053,000. Brookstone Capital Management acquired a new stake in Skyworks Solutions during the 1st quarter worth approximately $262,000. Finally, FIL Ltd boosted its stake in Skyworks Solutions by 2.4% in the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after purchasing an additional 64,389 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SWKS shares. Bank of America boosted their target price on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. TD Cowen increased their target price on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Susquehanna reiterated a “neutral” rating and issued a $125.00 price target on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus raised their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $114.18.

Skyworks Solutions Trading Down 1.7 %

NASDAQ SWKS opened at $97.76 on Friday. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 4.56 and a beta of 1.21. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $120.86. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $107.02 and its 200 day moving average is $103.03.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. The firm had revenue of $905.50 million for the quarter, compared to analyst estimates of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.86%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio (DPR) is presently 52.63%.

Insider Transactions at Skyworks Solutions

In related news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares in the company, valued at $1,052,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the sale, the vice president now directly owns 9,564 shares in the company, valued at $1,052,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,068 shares of company stock worth $1,252,490. Company insiders own 0.34% of the company’s stock.

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.