Daiwa Securities Group Inc. Boosts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Daiwa Securities Group Inc. increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,037 shares of the semiconductor manufacturer’s stock after buying an additional 1,508 shares during the period. Daiwa Securities Group Inc.’s holdings in Skyworks Solutions were worth $2,136,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SWKS. Vanguard Group Inc. grew its holdings in Skyworks Solutions by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after acquiring an additional 745,374 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Skyworks Solutions by 19.3% during the 2nd quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer’s stock worth $435,943,000 after acquiring an additional 661,144 shares in the last quarter. FIL Ltd boosted its stake in Skyworks Solutions by 2.4% in the fourth quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after acquiring an additional 64,389 shares in the last quarter. Norges Bank acquired a new stake in Skyworks Solutions in the fourth quarter valued at approximately $226,266,000. Finally, Swedbank AB boosted its stake in Skyworks Solutions by 56.7% in the second quarter. Swedbank AB now owns 1,592,880 shares of the semiconductor manufacturer’s stock valued at $169,769,000 after acquiring an additional 576,576 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SWKS shares. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. TD Cowen raised their target price on shares of Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Bank of America raised their target price on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus raised their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays raised their target price on shares of Skyworks Solutions from $85.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $113.94.

Insider Activity at Skyworks Solutions

In other news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the sale, the senior vice president now owns 17,455 shares in the company, valued at $1,875,888.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the transaction, the senior vice president now owns 17,455 shares in the company, valued at $1,875,888.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of the business’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 value of $950,462.37. Following the sale, the senior vice president now owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,068 shares of company stock valued at $1,252,490. 0.34% of the stock is owned by company insiders.

Skyworks Solutions Trading Up 2.0 %

Shares of Skyworks Solutions stock opened at $102.47 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The firm has a fifty day moving average price of $107.89 and a 200 day moving average price of $103.22. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86. The stock has a market cap of $16.37 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 4.78 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The firm 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 earnings per share. The firm’s revenue was down 15.5% compared to the same quarter last year. Equities research analysts predict that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.73%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is currently 52.63%.

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.