International Assets Investment Management LLC Purchases 83,706 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

International Assets Investment Management LLC increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10,450.2% in the fourth quarter, HoldingsChannel reports. The firm owned 84,507 shares of the semiconductor manufacturer’s stock after purchasing an additional 83,706 shares during the period. International Assets Investment Management LLC’s holdings in Skyworks Solutions were worth $9,500,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SWKS. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Skyworks Solutions by 98.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 155 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in Skyworks Solutions during the 3rd quarter worth about $34,000. AdvisorNet Financial Inc increased its position in Skyworks Solutions by 790.0% in the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after acquiring an additional 316 shares in the last quarter. West Branch Capital LLC raised its stake in shares of Skyworks Solutions by 8,000.0% in the fourth quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock worth $46,000 after acquiring an additional 400 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Skyworks Solutions by 48.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 427 shares of the semiconductor manufacturer’s stock worth $48,000 after purchasing an additional 139 shares in 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 acquired 11,142 shares of the stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $90.00 per share, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.35% of the company’s stock.

Skyworks Solutions Price Performance

SWKS stock opened at $91.78 on Tuesday. The stock has a 50-day moving average price of $103.41 and a two-hundred day moving average price of $101.90. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $115.69. The stock has a market cap of $14.73 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 4.00 and a beta of 1.35. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Monday, May 20th. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. B. Riley boosted their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. TD Cowen cut Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $125.00 to $90.00 in a report on Wednesday, May 1st. UBS Group reduced their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus cut their price objective on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $108.86.

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.