Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 26,563 shares of the semiconductor manufacturer’s stock after selling 3,315 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Skyworks Solutions were worth $2,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Invictus RG bought a new position in Skyworks Solutions during the first quarter valued at $101,000. Winslow Evans & Crocker Inc. boosted its position in Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $103,000 after buying an additional 50 shares during the period. Tompkins Financial Corp acquired a new position in shares of Skyworks Solutions during the first quarter valued at approximately $107,000. WFG Advisors LP boosted its position in shares of Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock valued at $113,000 after buying an additional 181 shares during the last quarter. Finally, TrimTabs Asset Management LLC boosted its position in shares of Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock valued at $138,000 after buying an additional 664 shares during the last quarter. Institutional investors own 81.26% of the company’s stock.

Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 105.47 on Tuesday. The company has a market capitalization of $19.38 billion, a price-to-earnings ratio of 20.24 and a beta of 0.82. The company’s 50-day moving average is $102.61 and its 200-day moving average is $100.35. Skyworks Solutions, Inc. has a 52-week low of $65.76 and a 52-week high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The business had revenue of $900.80 million for the quarter, compared to analysts’ expectations of $890.58 million. During the same period in the previous year, the business posted $1.24 EPS. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, analysts expect that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be paid a $0.32 dividend. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, August 4th. Skyworks Solutions’s payout ratio is currently 24.57%.

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Several research analysts recently commented on the stock. B. Riley restated a “buy” rating and set a $120.00 target price on shares of Skyworks Solutions in a report on Wednesday, May 3rd. Vetr cut shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 target price for the company. in a report on Monday. BidaskClub cut shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. Northland Securities restated a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a report on Friday, August 4th. Finally, MKM Partners restated a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $110.43.

In other news, insider Liam Griffin sold 8,056 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total transaction of $848,377.36. Following the sale, the insider now directly owns 54,310 shares in the company, valued at $5,719,386.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christine King sold 3,500 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the sale, the director now owns 16,436 shares in the company, valued at $1,788,894.24. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Skyworks Solutions Company Profile

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

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