Aviance Capital Partners LLC Buys 1,864 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Aviance Capital Partners LLC raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,920 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,864 shares during the period. Aviance Capital Partners LLC’s holdings in Skyworks Solutions were worth $2,653,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SWKS. National Pension Service lifted its holdings in shares of Skyworks Solutions by 1.0% during the 3rd quarter. National Pension Service now owns 371,614 shares of the semiconductor manufacturer’s stock worth $36,704,000 after acquiring an additional 3,628 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Skyworks Solutions by 1.3% during the 3rd quarter. QRG Capital Management Inc. now owns 21,976 shares of the semiconductor manufacturer’s stock worth $2,171,000 after acquiring an additional 280 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Skyworks Solutions during the 3rd quarter worth about $49,000. Principal Financial Group Inc. lifted its holdings in shares of Skyworks Solutions by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 200,873 shares of the semiconductor manufacturer’s stock worth $19,840,000 after acquiring an additional 6,302 shares during the period. Finally, Olympiad Research LP lifted its holdings in shares of Skyworks Solutions by 48.8% during the 3rd quarter. Olympiad Research LP now owns 8,063 shares of the semiconductor manufacturer’s stock worth $796,000 after acquiring an additional 2,643 shares during the period. 85.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

SWKS has been the subject of several analyst reports. Susquehanna cut their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Morgan Stanley cut their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their price target for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Piper Sandler cut their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Finally, Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Down 0.7 %

Shares of NASDAQ:SWKS opened at $66.93 on Friday. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The company has a 50 day moving average of $80.71 and a 200-day moving average of $89.81. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.79 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.18%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

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.