Nissay Asset Management Corp Japan ADV Has $7.44 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Nissay Asset Management Corp Japan ADV lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.3% during the fourth quarter, HoldingsChannel reports. The firm owned 82,517 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,139 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Skyworks Solutions were worth $7,439,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Skyworks Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer’s stock valued at $1,803,915,000 after acquiring an additional 562,783 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock valued at $499,273,000 after acquiring an additional 1,536,289 shares during the last quarter. Vulcan Value Partners LLC grew its holdings in shares of Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer’s stock worth $469,162,000 after purchasing an additional 1,194,782 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Skyworks Solutions by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer’s stock worth $452,135,000 after purchasing an additional 267,343 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Skyworks Solutions by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer’s stock valued at $372,727,000 after purchasing an additional 63,216 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Bank of America cut their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Rosenblatt Securities reiterated a “neutral” rating and issued a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Finally, Barclays boosted their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the stock an “underweight” rating in a report on Thursday, May 8th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus price target of $78.29.

Insiders Place Their Bets

In related news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.28% of the stock is currently owned by insiders.

Skyworks Solutions Price Performance

SWKS opened at $72.28 on Friday. The stock has a market cap of $10.85 billion, a P/E ratio of 22.17, a PEG ratio of 1.79 and a beta of 1.18. The business has a fifty day moving average of $63.29 and a 200 day moving average of $76.62. Skyworks Solutions, Inc. has a 52-week low of $47.93 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.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $953.20 million for the quarter, compared to analysts’ expectations of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 EPS. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.87%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 109.80%.

About Skyworks Solutions

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.