Aviance Capital Partners LLC Trims Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Aviance Capital Partners LLC lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,381 shares of the semiconductor manufacturer’s stock after selling 437 shares during the quarter. Aviance Capital Partners LLC’s holdings in Skyworks Solutions were worth $2,966,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its position in Skyworks Solutions by 40.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock worth $180,083,000 after acquiring an additional 465,223 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Skyworks Solutions by 42.0% during the third quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock worth $112,951,000 after purchasing an additional 338,838 shares during the last quarter. LSV Asset Management grew its position in shares of Skyworks Solutions by 24.2% in the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after purchasing an additional 338,820 shares during the period. Invesco Ltd. lifted its position in Skyworks Solutions by 11.8% during the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after buying an additional 321,243 shares during the period. Finally, AustralianSuper Pty Ltd acquired a new stake in Skyworks Solutions in the 4th quarter worth about $29,522,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 0.8 %

Shares of Skyworks Solutions stock traded down $0.73 during trading hours on Monday, hitting $91.78. 2,145,048 shares of the company’s stock traded hands, compared to its average volume of 2,419,542. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The company has a market cap of $14.73 billion, a PE ratio of 17.25, a PEG ratio of 4.00 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. The stock has a 50 day simple moving average of $103.41 and a 200-day simple moving average of $101.90.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a yield of 2.96%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Insiders Place Their Bets

In related news, CEO Liam Griffin purchased 11,142 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SWKS shares. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Benchmark downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. B. Riley boosted their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Piper Sandler cut their target price on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Finally, Susquehanna reissued a “neutral” rating and set a $90.00 price target (down previously from $125.00) on shares of Skyworks Solutions in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and an average target price of $108.86.

About Skyworks Solutions

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.