Skyworks Solutions, Inc. (NASDAQ:SWKS) CEO Purchases $1,002,780.00 in Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) CEO Liam Griffin bought 11,142 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average cost of $90.00 per share, for a total transaction 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 $9,373,770. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Skyworks Solutions Stock Up 3.1 %

Skyworks Solutions stock opened at $92.51 on Friday. The stock’s 50 day moving average price is $103.41 and its 200 day moving average price is $101.80. The company has a market cap of $14.84 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 3.88 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.51. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69.

Skyworks Solutions Dividend Announcement

The business also recently declared 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 is Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.94%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Piper Sandler dropped their price objective on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday. Rosenblatt Securities cut their price target on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday. Susquehanna reissued a “neutral” rating and issued a $90.00 price objective (down from $125.00) on shares of Skyworks Solutions in a report on Wednesday. UBS Group cut 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. Finally, TD Cowen cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price target for the stock from $125.00 to $90.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average price target of $108.86.

Hedge Funds Weigh In On Skyworks Solutions

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Skyworks Solutions by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer’s stock valued at $2,097,372,000 after buying an additional 123,564 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Skyworks Solutions by 3.4% during the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after purchasing an additional 136,188 shares during the last quarter. Pzena Investment Management LLC boosted its position in Skyworks Solutions by 27.5% during the first quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock worth $371,445,000 after purchasing an additional 740,048 shares in the last quarter. Invesco Ltd. grew its holdings in Skyworks Solutions by 11.8% in the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock valued at $299,245,000 after purchasing an additional 321,243 shares during the last quarter. Finally, FIL Ltd increased its position in shares of Skyworks Solutions by 2.4% in the fourth quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after buying an additional 64,389 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

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.