Montag A & Associates Inc. Has $1.45 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Montag A & Associates Inc. reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,880 shares of the semiconductor manufacturer’s stock after selling 3,745 shares during the quarter. Montag A & Associates Inc.’s holdings in Skyworks Solutions were worth $1,448,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in shares of Skyworks Solutions by 40.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock valued at $180,083,000 after buying an additional 465,223 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Skyworks Solutions by 42.0% in the third quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock valued at $112,951,000 after buying an additional 338,838 shares in the last quarter. LSV Asset Management increased its stake in shares of Skyworks Solutions by 24.2% in the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after buying an additional 338,820 shares in the last quarter. Invesco Ltd. increased its stake in shares of Skyworks Solutions by 11.8% in the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock valued at $299,245,000 after buying an additional 321,243 shares in the last quarter. Finally, AustralianSuper Pty Ltd acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at $29,522,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, May 1st. Rosenblatt Securities decreased their price target on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Wolfe Research cut Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a report on Thursday. Piper Sandler decreased their price target on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Finally, Wells Fargo & Company decreased their price target on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $108.86.

Insider Activity

In other Skyworks Solutions news, CEO Liam Griffin acquired 11,142 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the acquisition, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Stock Down 1.1 %

Shares of NASDAQ:SWKS traded down $0.99 during trading on Thursday, hitting $92.25. 2,366,932 shares of the company’s stock traded hands, compared to its average volume of 2,404,428. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The company has a market cap of $14.80 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 3.97 and a beta of 1.35. The company has a 50-day moving average price of $102.52 and a 200-day moving average price of $101.76.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

About Skyworks Solutions

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, 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, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.