Seizert Capital Partners LLC Sells 63,841 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Seizert Capital Partners LLC lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 19.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,661 shares of the semiconductor manufacturer's stock after selling 63,841 shares during the quarter. Skyworks Solutions comprises about 1.5% of Seizert Capital Partners LLC's investment portfolio, making the stock its 28th largest holding. Seizert Capital Partners LLC owned about 0.17% of Skyworks Solutions worth $30,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. increased its position in shares of Skyworks Solutions by 98.1% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer's stock valued at $31,000 after buying an additional 155 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in shares of Skyworks Solutions in the third quarter worth about $34,000. AdvisorNet Financial Inc raised its position in shares of Skyworks Solutions by 790.0% during the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer's stock worth $40,000 after purchasing an additional 316 shares during the period. Vestor Capital LLC bought a new position in shares of Skyworks Solutions during the 4th quarter valued at about $43,000. Finally, West Branch Capital LLC grew its position in shares of Skyworks Solutions by 8,000.0% in the 4th quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer's stock valued at $46,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on SWKS. UBS Group dropped their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a report 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 report on Wednesday, January 31st. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, May 1st. JPMorgan Chase & Co. cut their price target on Skyworks Solutions from $120.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, May 1st. Finally, Susquehanna reaffirmed a "neutral" rating and set a $90.00 price objective (down 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 given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Skyworks Solutions currently has a consensus rating of "Hold" and a consensus price target of $106.25.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Liam Griffin acquired 11,142 shares of the business's stock in a transaction dated Thursday, May 2nd. The stock was bought at an average cost 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 directly owns 104,153 shares in the company, valued at approximately $9,373,770. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Performance

Shares of SWKS traded down $0.05 during midday trading on Friday, reaching $92.20. The stock had a trading volume of 1,772,706 shares, compared to its average volume of 2,678,497. The firm has a market cap of $14.79 billion, a PE ratio of 17.33, a P/E/G ratio of 4.32 and a beta of 1.35. The firm has a 50 day simple moving average of $102.23 and a 200-day simple moving average of $101.94. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions's payout ratio is currently 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.