Mizuho Securities USA LLC Purchases 4,780 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mizuho Securities USA LLC boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 46.2% in the fourth quarter, HoldingsChannel reports. The firm owned 15,137 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,780 shares during the period. Mizuho Securities USA LLC’s holdings in Skyworks Solutions were worth $1,342,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions in the third quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions in the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions in the fourth quarter worth about $29,000. Picton Mahoney Asset Management acquired a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $33,000. Finally, Quest Partners LLC bought a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $41,000. Institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SWKS shares. The Goldman Sachs Group dropped their price objective 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. Citigroup upped their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Barclays lowered their price objective on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Bank of America reduced their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Down 1.2 %

Shares of Skyworks Solutions stock opened at $68.22 on Wednesday. The company has a market capitalization of $10.97 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The business has a 50-day moving average of $74.79 and a two-hundred day moving average of $86.07. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate 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 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.10%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Insider Buying and Selling

In other news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.