Tokio Marine Asset Management Co. Ltd. reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.1% during the second quarter, Holdings Channel reports. The fund owned 2,446 shares of the semiconductor manufacturer’s stock after selling 402 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Skyworks Solutions were worth $235,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of SWKS. Winslow Evans & Crocker Inc. raised its stake in shares of Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after buying an additional 35 shares during the last quarter. Cleararc Capital Inc. raised its stake in shares of Skyworks Solutions by 1.1% in the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock valued at $445,000 after buying an additional 50 shares during the last quarter. First National Bank of Hutchinson raised its stake in shares of Skyworks Solutions by 1.0% in the second quarter. First National Bank of Hutchinson now owns 6,774 shares of the semiconductor manufacturer’s stock valued at $721,000 after buying an additional 70 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Skyworks Solutions by 2.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,955 shares of the semiconductor manufacturer’s stock valued at $454,000 after buying an additional 113 shares during the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Skyworks Solutions by 0.5% in the first quarter. Mason Street Advisors LLC now owns 25,554 shares of the semiconductor manufacturer’s stock valued at $2,504,000 after buying an additional 135 shares during the last quarter. 81.19% of the stock is currently owned by institutional investors.

Skyworks Solutions, Inc. (SWKS) opened at 104.50 on Tuesday. The company’s 50-day moving average price is $102.48 and its 200 day moving average price is $99.30. Skyworks Solutions, Inc. has a 1-year low of $65.14 and a 1-year high of $112.11. The firm has a market capitalization of $19.20 billion, a PE ratio of 20.06 and a beta of 0.82.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, beating the consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The company had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. During the same period last year, the company posted $1.24 earnings per share. The firm’s revenue was up 19.8% compared to the same quarter last year. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post $6.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be given a $0.32 dividend. The ex-dividend date is Friday, August 4th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 1.22%. Skyworks Solutions’s dividend payout ratio (DPR) is 24.57%.

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Several brokerages have commented on SWKS. B. Riley reissued a “buy” rating and issued a $120.00 price objective on shares of Skyworks Solutions in a report on Friday, April 28th. Vetr lowered Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $112.92 price objective on the stock. in a report on Thursday, April 20th. Barclays PLC reissued an “overweight” rating on shares of Skyworks Solutions in a report on Friday, July 21st. Craig Hallum raised their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Cowen and Company reissued a “market perform” rating and issued a $110.00 price objective on shares of Skyworks Solutions in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $109.28.

In other Skyworks Solutions news, insider Liam Griffin sold 18,250 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $101.88, for a total value of $1,859,310.00. Following the transaction, the insider now directly owns 64,466 shares of the company’s stock, valued at $6,567,796.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine King sold 3,500 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the completion of the transaction, the director now directly owns 16,436 shares in the company, valued at $1,788,894.24. The disclosure for this sale can be found here. Insiders sold 29,806 shares of company stock worth $3,088,627 over the last three months. 0.49% of the stock is currently owned by corporate insiders.

About Skyworks Solutions

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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