Daiwa Securities Group Inc. Has $1.86 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Daiwa Securities Group Inc. decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,006 shares of the semiconductor manufacturer’s stock after selling 947 shares during the period. Daiwa Securities Group Inc.’s holdings in Skyworks Solutions were worth $1,863,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Skyworks Solutions by 74.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,259 shares of the semiconductor manufacturer’s stock valued at $7,649,000 after buying an additional 36,781 shares during the period. AlphaQuest LLC boosted its position in Skyworks Solutions by 246.4% during the fourth quarter. AlphaQuest LLC now owns 1,434 shares of the semiconductor manufacturer’s stock valued at $127,000 after purchasing an additional 1,020 shares during the last quarter. Amundi boosted its position in Skyworks Solutions by 50.7% during the fourth quarter. Amundi now owns 1,265,245 shares of the semiconductor manufacturer’s stock valued at $115,283,000 after purchasing an additional 425,841 shares during the last quarter. Aviance Capital Partners LLC grew its stake in Skyworks Solutions by 6.6% in the fourth quarter. Aviance Capital Partners LLC now owns 29,920 shares of the semiconductor manufacturer’s stock valued at $2,653,000 after purchasing an additional 1,864 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Skyworks Solutions in the 4th quarter worth about $3,631,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price 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 represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is owned by company insiders.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $69.40 on Friday. The company’s fifty day moving average is $77.92 and its two-hundred day moving average is $88.07. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week 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 firm has a market capitalization of $11.16 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last released 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%. Equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.03%. Skyworks Solutions’s payout ratio is 85.89%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SWKS shares. Barclays reduced their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group reduced their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Rosenblatt Securities restated a “neutral” rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Argus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $83.78.

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.