Vestor Capital LLC Makes New Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vestor Capital LLC bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 385 shares of the semiconductor manufacturer’s stock, valued at approximately $43,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. AXQ Capital LP purchased a new stake in shares of Skyworks Solutions in the 3rd quarter worth about $789,000. Highland Capital Management LLC boosted its position in shares of Skyworks Solutions by 91.4% in the 4th quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock worth $4,785,000 after buying an additional 20,330 shares in the last quarter. LSV Asset Management boosted its position in shares of Skyworks Solutions by 24.2% in the 3rd quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock worth $171,675,000 after buying an additional 338,820 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Skyworks Solutions by 10,450.2% in the 4th quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer’s stock worth $9,500,000 after buying an additional 83,706 shares in the last quarter. Finally, abrdn plc boosted its position in shares of Skyworks Solutions by 50.0% in the 4th quarter. abrdn plc now owns 90,031 shares of the semiconductor manufacturer’s stock worth $10,121,000 after buying an additional 30,022 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Susquehanna reissued a “neutral” rating and issued a $90.00 target price (down previously from $125.00) on shares of Skyworks Solutions in a research note on Wednesday, May 1st. Mizuho cut their target price on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Benchmark downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. B. Riley boosted their target price on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, UBS Group cut their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note 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, the stock has a consensus rating of “Hold” and a consensus price target of $108.86.

Insider Transactions at Skyworks Solutions

In related news, CEO Liam Griffin purchased 11,142 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was purchased 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 in the company, valued at $9,373,770. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Down 1.1 %

Shares of NASDAQ:SWKS traded down $0.99 during trading on Thursday, reaching $92.25. 2,366,932 shares of the stock were exchanged, compared to its average volume of 2,404,428. 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, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The firm 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 firm’s 50-day moving average price is $102.52 and its 200 day moving average price is $101.76.

Skyworks Solutions Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s payout ratio is currently 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.