Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 17.6% in the 4th quarter, HoldingsChannel reports. The firm owned 272,600 shares of the semiconductor manufacturer’s stock after buying an additional 40,867 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Skyworks Solutions were worth $24,221,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Erste Asset Management GmbH bought a new position in Skyworks Solutions during the third quarter valued at $27,000. Golden State Wealth Management LLC purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions during the 4th quarter worth $29,000. Picton Mahoney Asset Management purchased a new stake in Skyworks Solutions in the 4th quarter worth about $33,000. Finally, Quest Partners LLC bought a new stake in Skyworks Solutions in the 3rd quarter valued at about $41,000. Institutional investors own 85.43% of the company’s stock.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of research reports. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. The Goldman Sachs Group reduced 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 note on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Barclays cut their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Finally, B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Down 3.3 %

SWKS opened at $64.12 on Monday. The business’s fifty day simple moving average is $73.20 and its 200 day simple moving average is $85.34. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The stock has a market cap of $10.31 billion, a PE ratio of 19.67, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data 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 net margin of 13.02% and a return on equity of 12.60%. As a group, research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.37%. Skyworks Solutions’s payout ratio is 85.89%.

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.