Level Four Advisory Services LLC Has $361,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Level Four Advisory Services LLC decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,215 shares of the semiconductor manufacturer’s stock after selling 109 shares during the period. Level Four Advisory Services LLC’s holdings in Skyworks Solutions were worth $361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of 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. grew its holdings in Skyworks Solutions by 3.4% during the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after purchasing an additional 136,188 shares during the period. Invesco Ltd. grew its holdings in Skyworks Solutions by 11.8% during 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 during the period. Northern Trust Corp grew its holdings in Skyworks Solutions by 8.3% during the third 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 during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Skyworks Solutions by 11.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock worth $203,093,000 after purchasing an additional 185,355 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Transactions at Skyworks Solutions

In related news, CEO Liam Griffin purchased 11,142 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was bought at an average price 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 approximately $9,373,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on SWKS shares. Susquehanna reiterated a “neutral” rating and set a $90.00 price target (down previously from $125.00) on shares of Skyworks Solutions in a report on Wednesday, May 1st. Stifel Nicolaus reduced their price target on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. UBS Group cut their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Finally, Mizuho dropped 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 three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $106.25.

Check Out Our Latest Report on SWKS

Skyworks Solutions Price Performance

SWKS stock opened at $93.43 on Thursday. The stock has a market capitalization of $14.99 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 4.33 and a beta of 1.35. The company’s 50-day moving average is $100.27 and its 200-day moving average is $102.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $115.69.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Equities research analysts expect that Skyworks Solutions, Inc. will post 5.22 EPS for the current fiscal year.

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 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 dividend yield of 2.91%. Skyworks Solutions’s payout ratio is currently 51.13%.

About Skyworks Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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