Mitsubishi UFJ Trust & Banking Corp Has $16.40 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184,913 shares of the semiconductor manufacturer’s stock after selling 8,415 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Skyworks Solutions were worth $16,398,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SWKS. Pzena Investment Management LLC grew its holdings in shares of Skyworks Solutions by 37.5% during the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock worth $499,273,000 after purchasing an additional 1,536,289 shares in the last quarter. Barclays PLC grew its stake in Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after buying an additional 949,407 shares in the last quarter. Wellington Management Group LLP increased its holdings in Skyworks Solutions by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after buying an additional 775,470 shares during the period. KBC Group NV raised its position in shares of Skyworks Solutions by 114.0% in the 4th quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer’s stock valued at $110,697,000 after buying an additional 664,874 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Skyworks Solutions by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer’s stock worth $1,803,915,000 after acquiring an additional 562,783 shares during the period. Institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SWKS shares. Citigroup lifted their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $105.00 to $62.00 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. Bank of America decreased their target price on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, February 6th. Finally, Barclays dropped their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $64.12 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The company has a 50 day simple moving average of $73.20 and a two-hundred day simple moving average of $85.55. The company has a market capitalization 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 posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

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

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.34% of the stock is owned by corporate insiders.

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.