Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.5% during the 4th quarter, Holdings Channel reports. The fund owned 24,942 shares of the semiconductor manufacturer’s stock after selling 122 shares during the quarter. New York Life Investment Management LLC’s holdings in Skyworks Solutions were worth $2,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in SWKS. Cambridge Investment Research Advisors Inc. raised its position in shares of Skyworks Solutions by 2.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,911 shares of the semiconductor manufacturer’s stock worth $1,667,000 after buying an additional 362 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in Skyworks Solutions by 22.3% in the third quarter. Stratos Wealth Partners LTD. now owns 3,818 shares of the semiconductor manufacturer’s stock worth $376,000 after purchasing an additional 695 shares during the period. Verdence Capital Advisors LLC boosted its stake in Skyworks Solutions by 59.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,054 shares of the semiconductor manufacturer’s stock valued at $301,000 after purchasing an additional 1,140 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Skyworks Solutions by 69.4% during the 3rd quarter. Mackenzie Financial Corp now owns 22,280 shares of the semiconductor manufacturer’s stock valued at $2,162,000 after purchasing an additional 9,127 shares during the period. Finally, Strs Ohio raised its stake in shares of Skyworks Solutions by 44.9% in the 3rd quarter. Strs Ohio now owns 18,886 shares of the semiconductor manufacturer’s stock worth $1,861,000 after buying an additional 5,849 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 3.1 %

Shares of NASDAQ:SWKS opened at $92.51 on Monday. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $14.84 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 4.00 and a beta of 1.35. The firm has a fifty day moving average of $103.41 and a two-hundred day moving average of $101.84.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s payout ratio is currently 51.13%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SWKS shares. Rosenblatt Securities lowered their target price on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Wells Fargo & Company lowered their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Piper Sandler cut their target price on shares of Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Finally, Citigroup cut their price objective on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $108.86.

Insider Transactions at Skyworks Solutions

In other news, CEO Liam Griffin purchased 11,142 shares of the stock in a transaction that occurred 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 purchase, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.35% of the company’s stock.

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.