Kestra Private Wealth Services LLC Decreases Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Kestra Private Wealth Services LLC decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 56.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,158 shares of the semiconductor manufacturer’s stock after selling 2,760 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Skyworks Solutions were worth $243,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Global Wealth Management Investment Advisory Inc. raised its position in 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 purchasing an additional 155 shares during the period. Milestone Investment Advisors LLC acquired a new stake in Skyworks Solutions during the third quarter worth approximately $34,000. AdvisorNet Financial Inc boosted its position in shares of 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 purchasing an additional 316 shares during the period. West Branch Capital LLC grew its position in shares of Skyworks Solutions by 8,000.0% during 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, Avior Wealth Management LLC increased its position in Skyworks Solutions by 47.9% in the 4th quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock valued at $47,000 after acquiring an additional 136 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Liam Griffin purchased 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was bought at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the acquisition, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by insiders.

Skyworks Solutions Trading Down 1.1 %

Skyworks Solutions stock opened at $92.25 on Friday. The firm has a 50-day moving average price of $102.52 and a two-hundred day moving average price of $101.76. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 17.34, a PEG 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, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.95%. The ex-dividend date is Monday, May 20th. Skyworks Solutions’s payout ratio is currently 51.13%.

Analyst Ratings Changes

A number of research analysts have issued reports on SWKS shares. StockNews.com cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Susquehanna reiterated a “neutral” rating and issued a $90.00 price target (down from $125.00) on shares of Skyworks Solutions in a report on Wednesday, May 1st. Wells Fargo & Company dropped 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. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $108.24.

Skyworks Solutions 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.