Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,745 shares of the semiconductor manufacturer’s stock after buying an additional 1,833 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Skyworks Solutions were worth $4,805,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Skyworks Solutions by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock worth $1,827,170,000 after acquiring an additional 53,389 shares in the last quarter. Victory Capital Management Inc. boosted its position in Skyworks Solutions by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock valued at $407,474,000 after acquiring an additional 136,188 shares in the last quarter. Invesco Ltd. raised 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 worth $299,245,000 after purchasing an additional 321,243 shares in the last quarter. Northern Trust Corp lifted its position in shares of Skyworks Solutions by 8.3% during the third quarter. Northern Trust Corp now owns 2,091,132 shares of the semiconductor manufacturer’s stock valued at $206,165,000 after buying an additional 160,178 shares during the last quarter. Finally, LSV Asset Management grew its holdings in Skyworks Solutions by 0.5% in the fourth quarter. LSV Asset Management now owns 1,749,300 shares of the semiconductor manufacturer’s stock worth $196,656,000 after purchasing an additional 8,000 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS traded up $0.78 during trading on Tuesday, hitting $92.56. 1,686,105 shares of the stock were exchanged, compared to its average volume of 2,411,206. The company has a fifty day moving average price of $103.17 and a two-hundred day moving average price of $101.89. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The company has a market cap of $14.85 billion, a PE ratio of 17.25, a P/E/G ratio of 4.00 and a beta of 1.35. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69.

Skyworks Solutions Announces Dividend

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 issued a $0.68 dividend. 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 51.13%.

Insider Activity at Skyworks Solutions

In other news, CEO Liam Griffin purchased 11,142 shares of the stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several research analyst reports. Mizuho reduced their price objective 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. Citigroup cut their price target on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research report on Thursday, May 2nd. StockNews.com cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Piper Sandler lowered their price objective on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Finally, B. Riley increased their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. One equities 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’s stock. Based on data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average price target of $108.86.

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.