Meiji Yasuda Asset Management Co Ltd. Has $334,000 Holdings in Skyworks Solutions Inc (NASDAQ:SWKS)

Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 8.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,610 shares of the semiconductor manufacturer’s stock after acquiring an additional 200 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Skyworks Solutions were worth $334,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Skyworks Solutions by 8.2% during the 1st quarter. BlackRock Inc. now owns 14,830,161 shares of the semiconductor manufacturer’s stock worth $1,325,522,000 after buying an additional 1,127,661 shares during the period. Janus Henderson Group PLC increased its holdings in Skyworks Solutions by 548.5% during the 1st quarter. Janus Henderson Group PLC now owns 672,836 shares of the semiconductor manufacturer’s stock valued at $60,139,000 after purchasing an additional 569,090 shares in the last quarter. APG Asset Management N.V. increased its holdings in Skyworks Solutions by 175.7% during the 1st quarter. APG Asset Management N.V. now owns 624,966 shares of the semiconductor manufacturer’s stock valued at $45,907,000 after purchasing an additional 398,263 shares in the last quarter. AQR Capital Management LLC increased its holdings in Skyworks Solutions by 12.8% during the 1st quarter. AQR Capital Management LLC now owns 3,507,915 shares of the semiconductor manufacturer’s stock valued at $313,537,000 after purchasing an additional 398,150 shares in the last quarter. Finally, Robecosam AG increased its holdings in Skyworks Solutions by 537.9% during the 2nd quarter. Robecosam AG now owns 446,500 shares of the semiconductor manufacturer’s stock valued at $57,089,000 after purchasing an additional 376,500 shares in the last quarter. 76.89% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on SWKS shares. B. Riley raised their price target on Skyworks Solutions from $165.00 to $170.00 in a report on Friday, July 24th. Barclays lifted their target price on Skyworks Solutions from $100.00 to $130.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Raymond James lifted their target price on Skyworks Solutions from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Morgan Stanley lifted their target price on Skyworks Solutions from $124.00 to $131.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Finally, Goldman Sachs Group lifted their price objective on Skyworks Solutions from $107.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Skyworks Solutions currently has a consensus rating of “Buy” and a consensus price target of $137.88.

In related news, CEO Liam Griffin sold 9,125 shares of the stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $130.42, for a total transaction of $1,190,082.50. Following the transaction, the chief executive officer now owns 64,741 shares in the company, valued at $8,443,521.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $142.30, for a total transaction of $142,300.00. Following the transaction, the senior vice president now owns 10,024 shares in the company, valued at approximately $1,426,415.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,725 shares of company stock worth $5,808,225. 0.40% of the stock is owned by insiders.

Shares of NASDAQ:SWKS traded down $3.15 during midday trading on Friday, hitting $136.76. 32,448 shares of the stock traded hands, compared to its average volume of 1,483,007. The stock has a market capitalization of $25.60 billion, a PE ratio of 30.67, a P/E/G ratio of 2.32 and a beta of 1.23. The business’s 50 day moving average is $141.32 and its two-hundred day moving average is $116.16. Skyworks Solutions Inc has a one year low of $67.90 and a one year high of $154.24.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 23rd. The semiconductor manufacturer reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.13. The company had revenue of $736.80 million for the quarter, compared to analysts’ expectations of $690.06 million. Skyworks Solutions had a net margin of 24.13% and a return on equity of 20.73%. During the same quarter in the previous year, the company earned $1.35 earnings per share. Sell-side analysts expect that Skyworks Solutions Inc will post 4.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Monday, August 10th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.44. Skyworks Solutions’s dividend payout ratio is currently 35.03%.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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