Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Centric Wealth Management

Centric Wealth Management lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,971 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,614 shares during the period. Centric Wealth Management’s holdings in Skyworks Solutions were worth $1,795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Skyworks Solutions by 98.1% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 155 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in Skyworks Solutions in the 3rd quarter valued at $34,000. AdvisorNet Financial Inc increased its holdings 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 purchasing an additional 316 shares in the last quarter. West Branch Capital LLC increased its holdings in Skyworks Solutions by 8,000.0% in the 4th quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock valued at $46,000 after purchasing an additional 400 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings 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 purchasing an additional 136 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Skyworks Solutions

In other news, CEO Liam Griffin purchased 11,142 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the purchase, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SWKS shares. Wells Fargo & Company lowered their price target on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. Mizuho decreased their price objective on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Benchmark cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Finally, Citigroup decreased their price objective on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a research report on Thursday, May 2nd. One investment 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $108.86.

Skyworks Solutions Stock Performance

SWKS traded up $0.26 on Wednesday, hitting $92.82. 817,608 shares of the company’s stock were exchanged, compared to its average volume of 2,393,134. The firm has a market cap of $14.89 billion, a PE ratio of 17.40, a P/E/G ratio of 3.97 and a beta of 1.35. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The stock has a fifty day moving average of $102.94 and a two-hundred day moving average of $101.89. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be paid a $0.68 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.93%. Skyworks Solutions’s payout ratio is currently 51.13%.

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.