Norinchukin Bank The Buys 471 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Norinchukin Bank The increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,945 shares of the semiconductor manufacturer’s stock after acquiring an additional 471 shares during the period. Norinchukin Bank The’s holdings in Skyworks Solutions were worth $616,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Stephens Inc. AR lifted its stake in Skyworks Solutions by 9.5% in the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock valued at $380,000 after purchasing an additional 372 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Skyworks Solutions by 126.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock valued at $9,047,000 after buying an additional 57,146 shares during the period. Barclays PLC lifted its position in shares of Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after buying an additional 949,407 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $29,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $2,509,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SWKS has been the subject of several research reports. Barclays cut their price target on Skyworks Solutions from $55.00 to $45.00 and set an “underweight” rating for the company in a report on Tuesday. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Stifel Nicolaus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Bank of America reduced their price objective on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday, February 6th. Finally, The Goldman Sachs Group reduced their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $82.39.

Skyworks Solutions Trading Up 1.8 %

Shares of Skyworks Solutions stock opened at $57.80 on Wednesday. The firm has a market capitalization of $9.06 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $63.61 and its 200 day moving average is $80.09. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s payout ratio is presently 85.89%.

Insider Buying and Selling at Skyworks Solutions

In other news, CEO Philip G. Brace bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.28% of the company’s stock.

Skyworks Solutions 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.