Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 23.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,887 shares of the semiconductor manufacturer’s stock after selling 2,993 shares during the period. Montag A & Associates Inc.’s holdings in Skyworks Solutions were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HB Wealth Management LLC increased its holdings in Skyworks Solutions by 3.0% in the 1st quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $349,000 after purchasing an additional 94 shares in the last quarter. Safeguard Investment Advisory Group LLC increased its holdings in Skyworks Solutions by 0.6% in the 4th quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock valued at $1,764,000 after purchasing an additional 99 shares in the last quarter. Albert D Mason Inc. increased its holdings in Skyworks Solutions by 0.7% in the 1st quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer’s stock valued at $1,581,000 after purchasing an additional 99 shares in the last quarter. John G Ullman & Associates Inc. increased its holdings in Skyworks Solutions by 3.1% in the 4th quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 100 shares in the last quarter. Finally, Lcnb Corp increased its holdings in Skyworks Solutions by 2.4% in the 4th quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock valued at $490,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SWKS. 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 report on Wednesday, May 1st. Stifel Nicolaus decreased their price objective on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Wolfe Research cut shares of Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research report on Thursday, May 9th. Rosenblatt Securities reduced their price target on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, Benchmark cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $107.19.

Insider Activity

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

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS traded up $3.53 during trading hours on Monday, hitting $115.86. The stock had a trading volume of 1,175,137 shares, compared to its average volume of 2,409,694. The stock’s fifty day simple moving average is $98.97 and its 200 day simple moving average is $102.34. The firm has a market capitalization of $18.59 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 5.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $116.20.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.14 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were issued a dividend of $0.68 per share. The ex-dividend date was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.35%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

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.