International Assets Investment Management LLC Increases Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

International Assets Investment Management LLC boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 10,450.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 84,507 shares of the semiconductor manufacturer's stock after acquiring an additional 83,706 shares during the quarter. International Assets Investment Management LLC owned about 0.05% of Skyworks Solutions worth $9,500,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. boosted its holdings in Skyworks Solutions by 98.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer's stock valued at $31,000 after purchasing an additional 155 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in Skyworks Solutions during the third quarter valued at approximately $34,000. AdvisorNet Financial Inc lifted its holdings in Skyworks Solutions by 790.0% in the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer's stock valued at $40,000 after acquiring an additional 316 shares during the period. West Branch Capital LLC boosted its position 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 worth $46,000 after purchasing an additional 400 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in Skyworks Solutions by 48.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 427 shares of the semiconductor manufacturer's stock worth $48,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Insiders Place Their Bets

In other news, CEO Liam Griffin purchased 11,142 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company's stock.

Analyst Ratings Changes

SWKS has been the subject of several analyst reports. Rosenblatt Securities decreased their target price on shares of Skyworks Solutions from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, May 1st. Wells Fargo & Company dropped their target price on Skyworks Solutions from $110.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 1st. StockNews.com lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Friday, March 29th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Finally, Piper Sandler cut their price objective on Skyworks Solutions from $105.00 to $95.00 and set a "neutral" rating for the company in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $108.86.

Skyworks Solutions Price Performance

Shares of SWKS stock traded up $0.78 during trading hours on Tuesday, reaching $92.56. The company had a trading volume of 1,686,105 shares, compared to its average volume of 2,411,206. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. 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 capitalization of $14.85 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 4.00 and a beta of 1.35. The stock has a fifty day moving average of $103.17 and a 200-day moving average of $101.89.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.94%. The ex-dividend date is Monday, May 20th. 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.