Asset Management One Co. Ltd. Acquires 10,432 Shares of Skyworks Solutions, Inc. (SWKS)

Asset Management One Co. Ltd. boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 295,733 shares of the semiconductor manufacturer’s stock after purchasing an additional 10,432 shares during the period. Asset Management One Co. Ltd. owned approximately 0.16% of Skyworks Solutions worth $30,126,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SWKS. Strs Ohio lifted its stake in Skyworks Solutions by 36.3% during the second quarter. Strs Ohio now owns 9,011 shares of the semiconductor manufacturer’s stock valued at $864,000 after purchasing an additional 2,399 shares during the last quarter. TD Asset Management Inc. lifted its stake in Skyworks Solutions by 1.7% during the second quarter. TD Asset Management Inc. now owns 117,688 shares of the semiconductor manufacturer’s stock valued at $11,292,000 after purchasing an additional 1,972 shares during the last quarter. Trexquant Investment LP acquired a new stake in Skyworks Solutions during the second quarter valued at approximately $393,000. Schwab Charles Investment Management Inc. lifted its stake in Skyworks Solutions by 5.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 595,639 shares of the semiconductor manufacturer’s stock valued at $57,152,000 after purchasing an additional 31,091 shares during the last quarter. Finally, Boston Partners lifted its stake in Skyworks Solutions by 4.2% during the second quarter. Boston Partners now owns 879,609 shares of the semiconductor manufacturer’s stock valued at $84,399,000 after purchasing an additional 35,539 shares during the last quarter. 81.94% of the stock is owned by institutional investors and hedge funds.

SWKS has been the subject of several recent research reports. Vetr lowered 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 research note on Monday, August 14th. BidaskClub raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. KeyCorp reissued a “buy” rating and set a $120.00 target price on shares of Skyworks Solutions in a research note on Friday, September 1st. Finally, Citigroup raised shares of Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Tuesday, September 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $115.72.

Skyworks Solutions, Inc. (NASDAQ SWKS) opened at $96.28 on Monday. The firm has a market cap of $17,690.49, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. Skyworks Solutions, Inc. has a 12 month low of $73.94 and a 12 month high of $117.65.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be paid a $0.32 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.28 annualized dividend and a yield of 1.33%. Skyworks Solutions’s dividend payout ratio is presently 23.66%.

In other Skyworks Solutions news, VP Laura A. Gasparini sold 12,132 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $110.53, for a total value of $1,340,949.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Liam Griffin sold 12,141 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $110.95, for a total transaction of $1,347,043.95. Following the completion of the transaction, the chief executive officer now owns 49,514 shares in the company, valued at approximately $5,493,578.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,275 shares of company stock worth $16,223,522. Company insiders own 0.49% of the company’s stock.

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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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