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

Nomura Asset Management Co. Ltd. grew its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Erste Asset Management GmbH bought a new stake in Skyworks Solutions in the third quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions during the fourth quarter worth $29,000. Picton Mahoney Asset Management acquired a new position in shares of Skyworks Solutions in the fourth quarter valued at $33,000. Finally, Manchester Capital Management LLC raised its position in shares of Skyworks Solutions by 325.2% in the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock valued at $49,000 after purchasing an additional 426 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 0.8 %

NASDAQ SWKS opened at $64.63 on Tuesday. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $72.62 and its 200 day moving average is $85.09. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.70 dividend. 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%.

Insider Buying and Selling

In related news, CEO Philip G. Brace acquired 10,000 shares of the stock in a transaction dated 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 directly owns 10,000 shares of the company’s stock, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. The Goldman Sachs Group decreased their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Morgan Stanley lowered their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, Bank of America reduced their price target 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. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Company 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.