Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Roanoke Asset Management Corp NY

Roanoke Asset Management Corp NY reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,242 shares of the semiconductor manufacturer’s stock after selling 288 shares during the quarter. Roanoke Asset Management Corp NY’s holdings in Skyworks Solutions were worth $2,276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kingsview Wealth Management LLC increased its stake in Skyworks Solutions by 54.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 68,503 shares of the semiconductor manufacturer’s stock valued at $7,701,000 after purchasing an additional 24,160 shares during the period. Panagora Asset Management Inc. increased its stake in Skyworks Solutions by 40.7% in the fourth quarter. Panagora Asset Management Inc. now owns 292,654 shares of the semiconductor manufacturer’s stock valued at $32,900,000 after purchasing an additional 84,673 shares during the period. M. Kulyk & Associates LLC increased its stake in Skyworks Solutions by 7.9% in the fourth quarter. M. Kulyk & Associates LLC now owns 56,734 shares of the semiconductor manufacturer’s stock valued at $6,378,000 after purchasing an additional 4,149 shares during the period. Beacon Pointe Advisors LLC increased its stake in Skyworks Solutions by 27.5% in the fourth quarter. Beacon Pointe Advisors LLC now owns 8,464 shares of the semiconductor manufacturer’s stock valued at $952,000 after purchasing an additional 1,827 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Skyworks Solutions by 18.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 13,893 shares of the semiconductor manufacturer’s stock valued at $1,562,000 after purchasing an additional 2,201 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

SWKS stock traded down $0.47 during trading on Friday, reaching $93.62. 1,572,498 shares of the company were exchanged, compared to its average volume of 2,661,029. The company has a market cap of $15.02 billion, a P/E ratio of 17.60, a PEG ratio of 4.41 and a beta of 1.35. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69. The stock’s 50 day moving average price is $101.16 and its 200 day moving average price is $101.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Analysts Set New Price Targets

A number of research analysts have commented on SWKS shares. JPMorgan Chase & Co. dropped their price objective on shares of Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Mizuho dropped their price objective on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Benchmark lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Stifel Nicolaus dropped their price target on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, Citigroup dropped their price target on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $106.25.

Read Our Latest Stock Report on Skyworks Solutions

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin purchased 11,142 shares of Skyworks Solutions stock in a transaction on Thursday, May 2nd. The shares were bought at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at $9,373,770. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Profile

(Free Report)

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.

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

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