National Bank of Canada FI Buys 11,095 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

National Bank of Canada FI lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 7.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,165 shares of the semiconductor manufacturer's stock after buying an additional 11,095 shares during the quarter. National Bank of Canada FI owned about 0.10% of Skyworks Solutions worth $16,818,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. TCG Advisory Services LLC bought a new stake in Skyworks Solutions during the 4th quarter valued at approximately $307,000. Legacy Financial Advisors Inc. increased its holdings in shares of Skyworks Solutions by 8.8% in the fourth quarter. Legacy Financial Advisors Inc. now owns 6,027 shares of the semiconductor manufacturer's stock worth $678,000 after purchasing an additional 488 shares during the last quarter. Knuff & Co LLC grew its holdings in shares of Skyworks Solutions by 4.9% in the fourth quarter. Knuff & Co LLC now owns 28,008 shares of the semiconductor manufacturer's stock valued at $3,149,000 after purchasing an additional 1,300 shares in the last quarter. LSV Asset Management raised its position in shares of Skyworks Solutions by 0.5% during the 4th quarter. LSV Asset Management now owns 1,749,300 shares of the semiconductor manufacturer's stock valued at $196,656,000 after buying an additional 8,000 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Skyworks Solutions by 6.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 19,712 shares of the semiconductor manufacturer's stock worth $2,216,000 after buying an additional 1,135 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

Shares of SWKS stock traded up $0.68 on Wednesday, hitting $93.24. The company had a trading volume of 1,844,905 shares, compared to its average volume of 2,404,845. The firm has a market cap of $14.96 billion, a P/E ratio of 17.40, a price-to-earnings-growth 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 company has a 50-day moving average price of $102.94 and a 200-day moving average price of $101.89. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders 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 dividend yield of 2.92%. Skyworks Solutions's payout ratio is 51.13%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin bought 11,142 shares of the company's stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the transaction, the chief executive officer now directly owns 104,153 shares of the company's stock, valued at $9,373,770. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.34% of the company's stock.

Analyst Ratings Changes

SWKS has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 1st. Piper Sandler lowered 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 note on Wednesday, May 1st. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, May 1st. StockNews.com cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Friday, March 29th. Finally, Benchmark downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.