Sumitomo Mitsui Trust Group Inc. Purchases 11,182 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Sumitomo Mitsui Trust Group Inc. raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 440,559 shares of the semiconductor manufacturer’s stock after buying an additional 11,182 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.28% of Skyworks Solutions worth $43,514,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in Skyworks Solutions in the 3rd quarter valued at about $380,000. Apollon Wealth Management LLC boosted its stake in shares of Skyworks Solutions by 20.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,003 shares of the semiconductor manufacturer’s stock valued at $297,000 after purchasing an additional 506 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of Skyworks Solutions by 287.3% in the 3rd quarter. WCM Investment Management LLC now owns 11,491 shares of the semiconductor manufacturer’s stock valued at $1,136,000 after purchasing an additional 8,524 shares in the last quarter. Versor Investments LP boosted its stake in shares of Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock valued at $1,966,000 after purchasing an additional 10,658 shares in the last quarter. Finally, Arvest Investments Inc. boosted its stake in shares of Skyworks Solutions by 1.1% in the 3rd quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock valued at $1,257,000 after purchasing an additional 133 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 6.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the company’s 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. The trade was a 27.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,841 shares of company stock worth $3,034,265. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $83.69 on Friday. The company has a fifty day moving average of $95.14 and a 200-day moving average of $100.20. The firm has a market capitalization of $13.37 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.53 and a beta of 1.21. The company has a quick ratio of 4.29, a current ratio of 3.01 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. Skyworks Solutions’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.95 EPS. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.39 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SWKS shares. TD Cowen raised their price target 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. Citigroup reduced their price target on shares of Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating on the stock in a research note on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Morgan Stanley cut their target price on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $101.00.

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.