Amalgamated Bank Has $4.64 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Amalgamated Bank decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,226 shares of the semiconductor manufacturer’s stock after selling 3,259 shares during the quarter. Amalgamated Bank’s holdings in Skyworks Solutions were worth $4,635,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Skyworks Solutions by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock valued at $1,827,170,000 after purchasing an additional 53,389 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Skyworks Solutions by 3.4% in the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after acquiring an additional 136,188 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Skyworks Solutions by 11.8% during the 3rd 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. Northern Trust Corp increased its position in Skyworks Solutions by 8.3% during the 3rd quarter. Northern Trust Corp now owns 2,091,132 shares of the semiconductor manufacturer’s stock worth $206,165,000 after purchasing an additional 160,178 shares in the last quarter. Finally, LSV Asset Management boosted its position in Skyworks Solutions by 24.2% in the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after buying an additional 338,820 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, May 1st. B. Riley lifted their price target on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Susquehanna reaffirmed a “neutral” rating and issued a $90.00 price objective (down previously from $125.00) on shares of Skyworks Solutions in a research note on Wednesday, May 1st. Citigroup cut their target price on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research report on Thursday, May 2nd. Finally, Mizuho decreased their price target 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. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average target price of $108.86.

Insider Activity at Skyworks Solutions

In related news, CEO Liam Griffin acquired 11,142 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price 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 owns 104,153 shares of the company’s stock, valued at $9,373,770. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.35% of the stock is owned by corporate insiders.

Skyworks Solutions Trading Up 0.8 %

Shares of SWKS stock opened at $92.56 on Wednesday. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. 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 50 day simple moving average of $102.94 and a two-hundred day simple moving average of $101.89. The company has a market cap of $14.85 billion, a P/E ratio of 17.40, a PEG ratio of 3.97 and a beta of 1.35.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be paid a $0.68 dividend. The ex-dividend date is Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.94%. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

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.