Norinchukin Bank The Has $1.18 Million Position in Skyworks Solutions, Inc. (SWKS)

Norinchukin Bank The raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,015 shares of the semiconductor manufacturer’s stock after buying an additional 743 shares during the period. Norinchukin Bank The’s holdings in Skyworks Solutions were worth $1,177,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. APG Asset Management N.V. boosted its stake in Skyworks Solutions by 18.7% in the third quarter. APG Asset Management N.V. now owns 301,841 shares of the semiconductor manufacturer’s stock valued at $22,982,000 after buying an additional 47,471 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its stake in Skyworks Solutions by 1.5% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 303,743 shares of the semiconductor manufacturer’s stock valued at $23,127,000 after buying an additional 4,346 shares in the last quarter. NEXT Financial Group Inc boosted its stake in Skyworks Solutions by 83.7% in the third quarter. NEXT Financial Group Inc now owns 3,580 shares of the semiconductor manufacturer’s stock valued at $273,000 after buying an additional 1,631 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in Skyworks Solutions by 30.5% in the third quarter. Essex Investment Management Co. LLC now owns 9,939 shares of the semiconductor manufacturer’s stock valued at $757,000 after buying an additional 2,322 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC boosted its stake in Skyworks Solutions by 16.6% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 19,351 shares of the semiconductor manufacturer’s stock valued at $1,473,000 after buying an additional 2,750 shares in the last quarter. Institutional investors own 81.85% of the company’s stock.

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) traded down 0.37% during trading on Friday, hitting $101.90. The company had a trading volume of 1,923,244 shares. The stock has a 50-day moving average of $104.19 and a 200 day moving average of $93.30. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of 21.01 and a beta of 0.77. Skyworks Solutions, Inc. has a 12-month low of $57.11 and a 12-month high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, April 27th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. The business had revenue of $851.70 million during the quarter, compared to the consensus estimate of $840.43 million. Skyworks Solutions had a return on equity of 28.00% and a net margin of 27.27%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. On average, analysts predict that Skyworks Solutions, Inc. will post $6.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 16th were issued a $0.28 dividend. The ex-dividend date was Friday, May 12th. This represents a $1.12 dividend on an annualized basis and a yield of 1.10%. Skyworks Solutions’s payout ratio is currently 23.05%.

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Several equities analysts recently weighed in on SWKS shares. Vetr lowered shares of Skyworks Solutions from a “hold” rating to a “sell” rating and set a $90.47 price objective on the stock. in a research report on Monday, February 20th. MKM Partners reissued a “buy” rating and issued a $109.00 price target on shares of Skyworks Solutions in a research report on Wednesday, February 22nd. Goldman Sachs Group, Inc. (The) lifted their price target on shares of Skyworks Solutions from $81.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, March 6th. Barclays PLC lifted their price target on shares of Skyworks Solutions from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, March 6th. Finally, Canaccord Genuity boosted their target price on shares of Skyworks Solutions from $96.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Skyworks Solutions currently has a consensus rating of “Buy” and an average price target of $101.33.

In other news, insider David J. Aldrich sold 47,475 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $102.00, for a total transaction of $4,842,450.00. Following the completion of the sale, the insider now owns 191,731 shares in the company, valued at $19,556,562. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Peter L. Gammel sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $97.92, for a total value of $146,880.00. Following the sale, the insider now owns 17,605 shares of the company’s stock, valued at approximately $1,723,881.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,958 shares of company stock valued at $9,658,971. Corporate insiders own 0.49% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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