Aviance Capital Partners LLC Sells 437 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Aviance Capital Partners LLC reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,381 shares of the semiconductor manufacturer’s stock after selling 437 shares during the period. Aviance Capital Partners LLC’s holdings in Skyworks Solutions were worth $2,966,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SWKS. Global Wealth Management Investment Advisory Inc. lifted its position in Skyworks Solutions by 98.1% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 155 shares during the last quarter. Milestone Investment Advisors LLC bought a new stake in Skyworks Solutions during the 3rd quarter valued at approximately $34,000. AdvisorNet Financial Inc grew its holdings in Skyworks Solutions by 790.0% in the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 316 shares during the last quarter. West Branch Capital LLC increased its position in Skyworks Solutions by 8,000.0% in the 4th quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock worth $46,000 after buying an additional 400 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in shares of Skyworks Solutions by 47.9% during the fourth quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock worth $47,000 after buying an additional 136 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SWKS shares. Rosenblatt Securities lowered their price objective on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Wells Fargo & Company decreased their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. Mizuho cut their price objective on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Stifel Nicolaus decreased their target price on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, UBS Group cut their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $108.86.

Skyworks Solutions Price Performance

Shares of SWKS traded down $0.73 during trading hours on Monday, hitting $91.78. The stock had a trading volume of 2,145,048 shares, compared to its average volume of 2,419,542. The stock has a market capitalization of $14.73 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 4.00 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 3.81. The company’s fifty day moving average is $103.41 and its two-hundred day moving average is $101.90. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders 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 2.96%. Skyworks Solutions’s dividend payout ratio is 51.13%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin bought 11,142 shares of Skyworks Solutions stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the acquisition, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at $9,373,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.35% of the company’s stock.

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.