Knuff & Co LLC Buys 1,300 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Knuff & Co LLC boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,008 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,300 shares during the period. Skyworks Solutions comprises 1.1% of Knuff & Co LLC’s portfolio, making the stock its 25th largest holding. Knuff & Co LLC’s holdings in Skyworks Solutions were worth $3,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LSV Asset Management grew its stake 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 purchasing an additional 8,000 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings 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 valued at $2,216,000 after buying an additional 1,135 shares during the last quarter. First Trust Direct Indexing L.P. raised its position in Skyworks Solutions by 15.1% in the fourth quarter. First Trust Direct Indexing L.P. now owns 3,467 shares of the semiconductor manufacturer’s stock worth $390,000 after acquiring an additional 454 shares during the period. Howe & Rusling Inc. boosted its stake in shares of Skyworks Solutions by 39.5% during the 4th quarter. Howe & Rusling Inc. now owns 29,989 shares of the semiconductor manufacturer’s stock worth $3,371,000 after acquiring an additional 8,494 shares during the last quarter. Finally, Concord Wealth Partners grew its position in shares of Skyworks Solutions by 1,456.7% during the 4th quarter. Concord Wealth Partners now owns 1,868 shares of the semiconductor manufacturer’s stock valued at $210,000 after acquiring an additional 1,748 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SWKS. Benchmark cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. TD Cowen downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price objective for the company from $125.00 to $90.00 in a research report on Wednesday. Citigroup dropped their target price on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a report on Thursday. Finally, Stifel Nicolaus decreased their price target on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday. 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 company’s stock. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average price target of $108.86.

Insider Buying and Selling

In other news, CEO Liam Griffin acquired 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $9,373,770. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Trading Up 3.1 %

SWKS traded up $2.79 on Friday, hitting $92.51. The company had a trading volume of 3,562,773 shares, compared to its average volume of 2,569,420. The business’s fifty day simple moving average is $103.41 and its 200 day simple moving average is $101.84. The company has a quick ratio of 3.51, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The company has a market cap of $14.84 billion, a PE ratio of 17.39, a PEG ratio of 4.00 and a beta of 1.35.

Skyworks Solutions Announces Dividend

The business 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. The ex-dividend date is Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.94%. Skyworks Solutions’s payout ratio is presently 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.