Nomura Asset Management Co. Ltd. Purchases 427 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Nomura Asset Management Co. Ltd. lifted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,830 shares of the semiconductor manufacturer’s stock after acquiring an additional 427 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Skyworks Solutions were worth $6,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boussard & Gavaudan Investment Management LLP acquired a new position in Skyworks Solutions in the fourth quarter valued at approximately $5,393,000. New Age Alpha Advisors LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter valued at $66,000. Norges Bank bought a new position in Skyworks Solutions during the fourth quarter worth $228,646,000. Blair William & Co. IL grew its holdings in Skyworks Solutions by 14.4% in the fourth quarter. Blair William & Co. IL now owns 4,405 shares of the semiconductor manufacturer’s stock worth $391,000 after purchasing an additional 555 shares during the period. Finally, NEOS Investment Management LLC increased its stake in Skyworks Solutions by 25.6% in the fourth quarter. NEOS Investment Management LLC now owns 6,074 shares of the semiconductor manufacturer’s stock valued at $539,000 after purchasing an additional 1,238 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Philip G. Brace acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several research reports. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Morgan Stanley decreased their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Citigroup increased their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Piper Sandler cut their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Finally, Bank of America lowered their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Up 0.8 %

SWKS stock opened at $64.63 on Tuesday. The stock has a fifty day moving average of $72.62 and a 200-day moving average of $85.09. 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 market capitalization of $10.39 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.79 and a beta of 1.18. 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 (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. As a group, equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.33%. Skyworks Solutions’s payout ratio is 85.89%.

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.