Montag A & Associates Inc. lowered its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,407 shares of the semiconductor manufacturer’s stock after selling 505 shares during the period. Montag A & Associates Inc.’s holdings in Skyworks Solutions were worth $3,034,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in Skyworks Solutions by 3,711.1% in the first quarter. Pacer Advisors Inc. now owns 93,257 shares of the semiconductor manufacturer’s stock valued at $11,002,000 after acquiring an additional 90,810 shares during the period. Principal Financial Group Inc. grew its stake in Skyworks Solutions by 2.4% in the first quarter. Principal Financial Group Inc. now owns 208,651 shares of the semiconductor manufacturer’s stock valued at $24,617,000 after acquiring an additional 4,964 shares during the period. DNB Asset Management AS lifted its holdings in shares of Skyworks Solutions by 1,907.7% in the second quarter. DNB Asset Management AS now owns 835,475 shares of the semiconductor manufacturer’s stock valued at $92,479,000 after purchasing an additional 793,861 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Skyworks Solutions by 10.2% in the first quarter. Wealthfront Advisers LLC now owns 7,664 shares of the semiconductor manufacturer’s stock valued at $904,000 after purchasing an additional 710 shares in the last quarter. Finally, Krilogy Financial LLC bought a new position in shares of Skyworks Solutions in the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
Analyst Upgrades and Downgrades
SWKS has been the topic of a number of recent research reports. KeyCorp dropped their target price on Skyworks Solutions from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Piper Sandler dropped their target price on Skyworks Solutions from $125.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. BNP Paribas lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and set a $110.00 price target on the stock. in a report on Wednesday, September 20th. Citigroup lowered Skyworks Solutions from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $116.00 to $87.00 in a report on Tuesday, October 10th. Finally, Morgan Stanley reduced their price target on Skyworks Solutions from $112.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.88.
Get Our Latest Research Report on SWKS
Skyworks Solutions Stock Up 4.1 %
SWKS stock opened at $90.03 on Monday. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $123.69. The business’s 50 day moving average price is $95.22 and its two-hundred day moving average price is $102.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.52 and a current ratio of 2.59. The company has a market capitalization of $14.35 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.98 and a beta of 1.33.
Skyworks Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a $0.68 dividend. The ex-dividend date is Monday, November 20th. This represents a $2.72 annualized dividend and a dividend yield of 3.02%. Skyworks Solutions’s payout ratio is currently 44.37%.
Insider Buying and Selling at Skyworks Solutions
In related news, CEO Liam Griffin sold 13,211 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $104.08, for a total value of $1,375,000.88. Following the transaction, the chief executive officer now directly owns 52,540 shares of the company’s stock, valued at approximately $5,468,363.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Liam Griffin sold 13,211 shares of Skyworks Solutions stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $104.08, for a total value of $1,375,000.88. Following the completion of the transaction, the chief executive officer now owns 52,540 shares in the company, valued at $5,468,363.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert John Terry sold 3,156 shares of Skyworks Solutions stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $88.18, for a total value of $278,296.08. Following the completion of the transaction, the senior vice president now owns 11,487 shares of the company’s stock, valued at approximately $1,012,923.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,888 shares of company stock worth $7,652,614. Insiders own 0.31% of the company’s stock.
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, clocks and timings, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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