Public Employees Retirement System of Ohio lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 28.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,102 shares of the semiconductor manufacturer’s stock after selling 56,938 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.08% of Skyworks Solutions worth $13,443,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in Skyworks Solutions by 134.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 28,755 shares of the semiconductor manufacturer’s stock valued at $2,759,000 after purchasing an additional 16,467 shares during the last quarter. Chicago Equity Partners LLC grew its stake in shares of Skyworks Solutions by 337.8% during the 2nd quarter. Chicago Equity Partners LLC now owns 37,020 shares of the semiconductor manufacturer’s stock worth $3,552,000 after purchasing an additional 28,565 shares during the period. Shelton Capital Management grew its stake in shares of Skyworks Solutions by 60.1% during the 1st quarter. Shelton Capital Management now owns 38,286 shares of the semiconductor manufacturer’s stock worth $3,751,000 after purchasing an additional 14,365 shares during the period. Atlantic Trust Group LLC grew its stake in shares of Skyworks Solutions by 5.2% during the 2nd quarter. Atlantic Trust Group LLC now owns 177,509 shares of the semiconductor manufacturer’s stock worth $17,033,000 after purchasing an additional 8,793 shares during the period. Finally, BT Investment Management Ltd acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth $8,282,000. Institutional investors and hedge funds own 80.87% of the company’s stock.
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A number of equities research analysts recently commented on the stock. B. Riley reissued a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a research note on Saturday, July 22nd. Vetr cut shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 price objective on the stock. in a research note on Monday, August 14th. BidaskClub upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Northland Securities restated a “buy” rating and issued a $115.00 target price on shares of Skyworks Solutions in a report on Friday, August 4th. Finally, Barclays PLC upped their target price on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $112.40.
In other news, Director Christine King sold 3,705 shares of Skyworks Solutions stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total value of $395,768.10. Following the transaction, the director now owns 16,641 shares in the company, valued at approximately $1,777,591.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Liam Griffin sold 2,610 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total value of $260,947.80. Following the sale, the insider now owns 50,408 shares in the company, valued at approximately $5,039,791.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,173 shares of company stock worth $2,072,726. Corporate insiders own 0.49% of the company’s stock.
Shares of Skyworks Solutions, Inc. (SWKS) traded up 0.98% during trading on Friday, reaching $106.55. The company had a trading volume of 438,522 shares. Skyworks Solutions, Inc. has a 52-week low of $71.65 and a 52-week high of $112.11. The firm has a market capitalization of $19.58 billion, a P/E ratio of 20.45 and a beta of 0.89. The company has a 50 day moving average of $104.74 and a 200-day moving average of $103.52.
Skyworks Solutions Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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