Sumitomo Mitsui DS Asset Management Company Ltd Purchases 186 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,636 shares of the semiconductor manufacturer’s stock after purchasing an additional 186 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Skyworks Solutions were worth $1,643,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC increased its position in shares of Skyworks Solutions by 26.9% in the 1st quarter. Park Avenue Securities LLC now owns 6,971 shares of the semiconductor manufacturer’s stock valued at $755,000 after buying an additional 1,476 shares in the last quarter. Brookstone Capital Management bought a new stake in shares of Skyworks Solutions in the first quarter worth about $262,000. Janiczek Wealth Management LLC raised its position in shares of Skyworks Solutions by 370.2% during the first quarter. Janiczek Wealth Management LLC now owns 663 shares of the semiconductor manufacturer’s stock worth $72,000 after purchasing an additional 522 shares during the period. Register Financial Advisors LLC bought a new position in shares of Skyworks Solutions during the 1st quarter valued at about $54,000. Finally, Touchstone Capital Inc. grew its position in shares of Skyworks Solutions by 19.2% in the 1st quarter. Touchstone Capital Inc. now owns 53,447 shares of the semiconductor manufacturer’s stock valued at $5,789,000 after purchasing an additional 8,599 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 1.8 %

Shares of Skyworks Solutions stock opened at $96.81 on Tuesday. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 4.47 and a beta of 1.20. The business has a fifty day simple moving average of $101.30 and a two-hundred day simple moving average of $101.78. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. During the same quarter last year, the company posted $1.50 EPS. Skyworks Solutions’s quarterly revenue was down 15.5% compared to the same quarter last year. Research analysts forecast that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were given a $0.70 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.89%. Skyworks Solutions’s dividend payout ratio is presently 57.73%.

Insider Transactions at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the sale, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the sale, the senior vice president now owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. This trade represents a 0.00 % 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 9,321 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares in the company, valued at $3,793,589.91. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,341 shares of company stock worth $2,142,110. Company insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SWKS. Robert W. Baird raised their target price on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Rosenblatt Securities raised their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus upped their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Barclays downgraded Skyworks Solutions from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $115.00 to $87.00 in a research note on Thursday, October 10th. Finally, Susquehanna cut their price target on Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $111.65.

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.