Centric Wealth Management Grows Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Centric Wealth Management raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,971 shares of the semiconductor manufacturer’s stock after buying an additional 1,614 shares during the quarter. Centric Wealth Management’s holdings in Skyworks Solutions were worth $1,795,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Safeguard Investment Advisory Group LLC boosted its holdings in shares of Skyworks Solutions by 0.6% in the 4th quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock worth $1,764,000 after purchasing an additional 99 shares during the period. John G Ullman & Associates Inc. boosted its holdings in shares of Skyworks Solutions by 3.1% in the 4th quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 100 shares during the period. Syntax Advisors LLC boosted its holdings in shares of Skyworks Solutions by 5.4% in the 3rd quarter. Syntax Advisors LLC now owns 2,201 shares of the semiconductor manufacturer’s stock worth $217,000 after purchasing an additional 113 shares during the period. Unison Advisors LLC boosted its holdings in shares of Skyworks Solutions by 0.7% in the 4th quarter. Unison Advisors LLC now owns 16,997 shares of the semiconductor manufacturer’s stock worth $1,911,000 after purchasing an additional 115 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Skyworks Solutions by 0.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,991 shares of the semiconductor manufacturer’s stock worth $1,281,000 after acquiring an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 0.3 %

SWKS stock traded up $0.26 on Wednesday, hitting $92.82. 817,608 shares of the company’s stock were exchanged, compared to its average volume of 2,393,134. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The firm has a 50 day moving average price of $102.94 and a two-hundred day moving average price of $101.89. 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 stock has a market cap of $14.89 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors 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 annualized dividend and a yield of 2.93%. Skyworks Solutions’s dividend payout ratio (DPR) is 51.13%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SWKS. Mizuho decreased their price target on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Susquehanna reissued a “neutral” rating and set a $90.00 price target (down from $125.00) on shares of Skyworks Solutions in a research note on Wednesday, May 1st. Wells Fargo & Company decreased their price target on 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $108.86.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Liam Griffin bought 11,142 shares of the company’s stock in a transaction that occurred on 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 purchase, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by company insiders.

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.