MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 180,039 shares of the semiconductor manufacturer’s stock after acquiring an additional 12,416 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.11% of Skyworks Solutions worth $15,966,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in 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 during the last quarter. Pzena Investment Management LLC lifted its stake in Skyworks Solutions by 37.5% during the fourth 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. Vulcan Value Partners LLC lifted its stake in 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Skyworks Solutions by 5.5% during the fourth 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 in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Skyworks Solutions by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer’s stock worth $372,727,000 after purchasing an additional 63,216 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 0.1%

Skyworks Solutions stock opened at $72.28 on Friday. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The stock has a market cap of $10.85 billion, a PE ratio of 22.17, a P/E/G ratio of 1.79 and a beta of 1.18. The stock’s fifty day moving average is $63.29 and its two-hundred day moving average is $76.62.

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

Skyworks Solutions Dividend Announcement

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

Insider Transactions at Skyworks Solutions

In other news, CEO Philip G. Brace bought 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price 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. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Morgan Stanley decreased their price target on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Bank of America decreased their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, UBS Group cut their price objective on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $78.29.

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.