Vestor Capital LLC Invests $43,000 in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vestor Capital LLC acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 385 shares of the semiconductor manufacturer’s stock, valued at approximately $43,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its stake in Skyworks Solutions by 2.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,911 shares of the semiconductor manufacturer’s stock valued at $1,667,000 after acquiring an additional 362 shares during the period. Stratos Wealth Partners LTD. grew its stake in Skyworks Solutions by 22.3% in the third quarter. Stratos Wealth Partners LTD. now owns 3,818 shares of the semiconductor manufacturer’s stock valued at $376,000 after acquiring an additional 695 shares during the period. Verdence Capital Advisors LLC grew its stake in Skyworks Solutions by 59.6% in the third quarter. Verdence Capital Advisors LLC now owns 3,054 shares of the semiconductor manufacturer’s stock valued at $301,000 after acquiring an additional 1,140 shares during the period. Mackenzie Financial Corp grew its stake in Skyworks Solutions by 69.4% in the third quarter. Mackenzie Financial Corp now owns 22,280 shares of the semiconductor manufacturer’s stock valued at $2,162,000 after acquiring an additional 9,127 shares during the period. Finally, Strs Ohio grew its stake in Skyworks Solutions by 44.9% in the third quarter. Strs Ohio now owns 18,886 shares of the semiconductor manufacturer’s stock valued at $1,861,000 after acquiring an additional 5,849 shares during the period. Institutional investors own 85.43% of the company’s stock.

Insider Activity at Skyworks Solutions

In related news, CEO Liam Griffin purchased 11,142 shares of the stock in a transaction dated Thursday, May 2nd. The stock was bought 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 owns 104,153 shares of the company’s stock, valued at $9,373,770. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Price Performance

NASDAQ:SWKS traded down $0.99 during trading hours on Thursday, hitting $92.25. The company’s stock had a trading volume of 2,366,932 shares, compared to its average volume of 2,404,428. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. 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 stock has a fifty day simple moving average of $102.52 and a 200-day simple moving average of $101.76. The company has a market capitalization of $14.80 billion, a P/E ratio of 17.34, a PEG ratio of 3.97 and a beta of 1.35.

Skyworks Solutions Dividend Announcement

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 $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 2.95%. Skyworks Solutions’s payout ratio is currently 51.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SWKS shares. StockNews.com cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Rosenblatt Securities reduced their price objective on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Wolfe Research cut Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research report on Thursday. UBS Group reduced their price objective on 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, Wells Fargo & Company reduced their price objective on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $108.86.

Skyworks Solutions 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.