1,784 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,784 shares of the semiconductor manufacturer’s stock, valued at approximately $201,000.

Several other institutional investors have also added to or reduced their stakes in the business. AXQ Capital LP acquired a new position in shares of Skyworks Solutions in the 3rd quarter valued at $789,000. Highland Capital Management LLC increased its holdings in shares of Skyworks Solutions by 91.4% in the fourth quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock valued at $4,785,000 after purchasing an additional 20,330 shares during the period. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of Skyworks Solutions in the fourth quarter worth about $10,053,000. International Assets Investment Management LLC lifted its holdings in shares of Skyworks Solutions by 10,450.2% during the fourth quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer’s stock worth $9,500,000 after purchasing an additional 83,706 shares during the period. Finally, abrdn plc boosted its position in Skyworks Solutions by 50.0% in the fourth quarter. abrdn plc now owns 90,031 shares of the semiconductor manufacturer’s stock valued at $10,121,000 after buying an additional 30,022 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Transactions at Skyworks Solutions

In related news, CEO Liam Griffin acquired 11,142 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Liam Griffin acquired 11,142 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares in the company, valued at $9,373,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the transaction, the director now owns 60,881 shares in the company, valued at $5,495,727.87. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Down 1.0 %

NASDAQ SWKS opened at $90.81 on Friday. The business has a fifty day moving average price of $96.88 and a 200 day moving average price of $102.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. The company has a market cap of $14.57 billion, a P/E ratio of 17.07, a P/E/G ratio of 4.26 and a beta of 1.24. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. Research analysts anticipate that Skyworks Solutions, Inc. will post 5.22 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business 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 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

Analyst Ratings Changes

Several analysts have commented on the stock. Piper Sandler decreased their price objective 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. Wolfe Research downgraded Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 9th. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, May 1st. Finally, 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. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $106.25.

Get Our Latest Stock Analysis on Skyworks Solutions

Skyworks Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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