Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 14.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,872 shares of the semiconductor manufacturer’s stock after selling 495 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Skyworks Solutions were worth $266,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its holdings in Skyworks Solutions by 56.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 287 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 104 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Skyworks Solutions by 733.3% in the 1st quarter. Jones Financial Companies Lllp now owns 300 shares of the semiconductor manufacturer’s stock worth $40,000 after buying an additional 264 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Skyworks Solutions by 72.6% in the 2nd quarter. Lindbrook Capital LLC now owns 309 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 130 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in Skyworks Solutions by 56.1% in the 2nd quarter. Financial Management Professionals Inc. now owns 334 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 120 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. lifted its holdings in Skyworks Solutions by 51.0% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 379 shares of the semiconductor manufacturer’s stock worth $51,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 74.61% of the company’s stock.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $94.10 on Tuesday. Skyworks Solutions, Inc. has a 52 week low of $76.16 and a 52 week high of $165.79. The company has a current ratio of 2.31, a quick ratio of 1.34 and a debt-to-equity ratio of 0.40. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 0.72 and a beta of 1.18. The company has a 50-day moving average price of $90.30 and a two-hundred day moving average price of $98.63.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Tuesday, November 22nd will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Monday, November 21st. Skyworks Solutions’s dividend payout ratio (DPR) is presently 31.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SWKS shares. Needham & Company LLC cut their target price on shares of Skyworks Solutions from $125.00 to $110.00 in a research note on Tuesday, October 25th. Cowen cut their target price on shares of Skyworks Solutions from $125.00 to $120.00 in a research note on Friday, November 4th. BMO Capital Markets cut their target price on shares of Skyworks Solutions from $120.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Piper Sandler cut their target price on shares of Skyworks Solutions from $145.00 to $110.00 in a research note on Thursday, November 3rd. Finally, Susquehanna Bancshares cut their target price on shares of Skyworks Solutions to $120.00 in a research note on Monday, July 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $115.00.

Skyworks Solutions Profile

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Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, 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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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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