Mitsubishi UFJ Trust & Banking Corp Has $16.40 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 184,913 shares of the semiconductor manufacturer’s stock after selling 8,415 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.12% of Skyworks Solutions worth $16,398,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SWKS. Stephens Inc. AR grew its holdings in shares of Skyworks Solutions by 9.5% in the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock valued at $380,000 after buying an additional 372 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Skyworks Solutions by 126.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock valued at $9,047,000 after acquiring an additional 57,146 shares during the period. Barclays PLC increased its holdings in shares of Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after acquiring an additional 949,407 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Skyworks Solutions by 20.2% during the third quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock worth $3,615,000 after purchasing an additional 6,151 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions during the 4th quarter valued at about $29,000. Institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler lowered their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Citigroup raised their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Barclays dropped their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Finally, Morgan Stanley reduced their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Trading Down 3.3 %

Shares of NASDAQ:SWKS opened at $64.12 on Friday. 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 quick ratio of 4.73 and a current ratio of 5.94. The company has a market capitalization of $10.31 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a 50-day simple moving average of $73.20 and a 200 day simple moving average of $85.55.

Skyworks Solutions (NASDAQ:SWKS) last released 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%. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s payout ratio is presently 85.89%.

Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions 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.