Montag A & Associates Inc. Sells 3,745 Shares of 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 the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,880 shares of the semiconductor manufacturer’s stock after selling 3,745 shares during the period. Montag A & Associates Inc.’s holdings in Skyworks Solutions were worth $1,448,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Skyworks Solutions by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock worth $1,827,170,000 after acquiring an additional 53,389 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Skyworks Solutions by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock valued at $407,474,000 after buying an additional 136,188 shares during the period. Invesco Ltd. grew its stake in shares of Skyworks Solutions by 11.8% in the 3rd 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 during the period. Northern Trust Corp boosted its stake in Skyworks Solutions by 8.3% during the 3rd quarter. Northern Trust Corp now owns 2,091,132 shares of the semiconductor manufacturer’s stock valued at $206,165,000 after purchasing an additional 160,178 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Skyworks Solutions by 0.5% during the 4th quarter. LSV Asset Management now owns 1,749,300 shares of the semiconductor manufacturer’s stock valued at $196,656,000 after purchasing an additional 8,000 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Skyworks Solutions

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

Skyworks Solutions Price Performance

NASDAQ:SWKS traded down $0.99 during midday trading on Thursday, hitting $92.25. The company had a trading volume of 2,366,932 shares, 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 stock’s fifty day moving average price is $102.52 and its 200-day moving average price is $101.76. The company has a market capitalization of $14.80 billion, a PE ratio of 17.34, a P/E/G ratio of 3.97 and a beta of 1.35. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16.

Skyworks Solutions Dividend Announcement

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 given a dividend of $0.68 per share. The ex-dividend date is Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.95%. Skyworks Solutions’s payout ratio is 51.13%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SWKS. B. Riley boosted their target price on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. UBS Group cut their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Mizuho cut their target price on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Piper Sandler cut their target price on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $108.86.

Skyworks Solutions Company 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, 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.