Skyworks Solutions Inc (NASDAQ:SWKS) Holdings Boosted by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Skyworks Solutions Inc (NASDAQ:SWKS) by 78.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,330 shares of the semiconductor manufacturer’s stock after buying an additional 4,090 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Skyworks Solutions were worth $770,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cognios Capital LLC acquired a new stake in Skyworks Solutions during the 1st quarter valued at $2,210,000. Strategic Financial Services Inc grew its holdings in Skyworks Solutions by 1.5% during the 4th quarter. Strategic Financial Services Inc now owns 55,024 shares of the semiconductor manufacturer’s stock valued at $3,688,000 after buying an additional 791 shares during the last quarter. Montrusco Bolton Investments Inc. grew its holdings in Skyworks Solutions by 1.7% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 135,861 shares of the semiconductor manufacturer’s stock valued at $8,997,000 after buying an additional 2,252 shares during the last quarter. Norinchukin Bank The grew its holdings in Skyworks Solutions by 43.5% during the 4th quarter. Norinchukin Bank The now owns 33,026 shares of the semiconductor manufacturer’s stock valued at $2,213,000 after buying an additional 10,006 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Skyworks Solutions by 593.7% during the first quarter. Meeder Asset Management Inc. now owns 2,088 shares of the semiconductor manufacturer’s stock worth $172,000 after purchasing an additional 1,787 shares during the last quarter. 81.08% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ SWKS opened at $70.67 on Friday. The stock has a market cap of $12.20 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. Skyworks Solutions Inc has a 1 year low of $60.12 and a 1 year high of $103.95.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.04. The firm had revenue of $810.40 million during the quarter, compared to analyst estimates of $809.52 million. Skyworks Solutions had a return on equity of 28.25% and a net margin of 29.06%. Skyworks Solutions’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 earnings per share. As a group, research analysts predict that Skyworks Solutions Inc will post 5.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Monday, May 20th. Skyworks Solutions’s dividend payout ratio is currently 22.93%.

In other news, CTO Peter L. Gammel sold 1,881 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $93.53, for a total transaction of $175,929.93. Following the completion of the transaction, the chief technology officer now directly owns 9,240 shares in the company, valued at $864,217.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Peter L. Gammel sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $77.43, for a total value of $174,217.50. Following the transaction, the chief technology officer now owns 11,490 shares of the company’s stock, valued at $889,670.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,964 shares of company stock valued at $9,787,005. 0.64% of the stock is owned by corporate insiders.

SWKS has been the topic of several analyst reports. DA Davidson decreased their price objective on Skyworks Solutions to $95.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. B. Riley reduced their target price on Skyworks Solutions from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. MKM Partners cut their price objective on Skyworks Solutions to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Canaccord Genuity raised their price objective on Skyworks Solutions from $84.00 to $99.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 price objective on the stock. in a research report on Friday, June 7th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the company’s stock. Skyworks Solutions has a consensus rating of “Hold” and an average target price of $87.40.

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About Skyworks Solutions

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.

Read More: Cost of equity and a company’s balance sheet

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

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