Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 329,243 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,311 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.21% of Skyworks Solutions worth $32,546,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas acquired a new position in shares of Skyworks Solutions during the first quarter valued at $27,000. Innealta Capital LLC acquired a new stake in shares of Skyworks Solutions in the second quarter valued at approximately $27,000. Rothschild Investment LLC bought a new stake in shares of Skyworks Solutions during the second quarter valued at approximately $27,000. Access Investment Management LLC acquired a new position in shares of Skyworks Solutions during the first quarter worth approximately $31,000. Finally, Blue Trust Inc. boosted its position in shares of Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Transactions at Skyworks Solutions

In related 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the transaction, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction on Monday, October 14th. The shares were 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 directly owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,341 shares of company stock valued at $2,142,110. 0.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SWKS shares. The Goldman Sachs Group raised Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. TD Cowen upped their price objective on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Barclays cut shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $115.00 to $87.00 in a research note on Thursday, October 10th. JPMorgan Chase & Co. upped their price target on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Susquehanna lowered their price objective on shares of Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $109.88.

Skyworks Solutions Stock Up 0.1 %

NASDAQ:SWKS opened at $95.20 on Friday. The business’s fifty day moving average price is $100.26 and its 200 day moving average price is $101.50. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 4.34 and a beta of 1.20. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly 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 business had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. During the same period in the prior year, the firm earned $1.50 earnings per share. The firm’s revenue was down 15.5% compared to the same quarter last year. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.70 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Tuesday, August 20th. Skyworks Solutions’s payout ratio is currently 57.73%.

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.