B. Riley Financial Inc. increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 101.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,272 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,172 shares during the quarter. B. Riley Financial Inc.’s holdings in Skyworks Solutions were worth $1,243,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Financial Engines Advisors L.L.C. bought a new position in Skyworks Solutions during the third quarter valued at approximately $126,000. WFG Advisors LP raised its position in Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after acquiring an additional 171 shares in the last quarter. Sun Life Financial INC raised its position in Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after acquiring an additional 1,136 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Skyworks Solutions during the second quarter valued at approximately $202,000. Finally, Round Table Services LLC bought a new position in Skyworks Solutions during the third quarter valued at approximately $204,000. Institutional investors and hedge funds own 81.94% of the company’s stock.
In related news, insider Liam Griffin sold 13,858 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $102.18, for a total transaction of $1,416,010.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Carlos S. Bori sold 2,151 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $107.20, for a total transaction of $230,587.20. Following the transaction, the senior vice president now directly owns 9,372 shares in the company, valued at approximately $1,004,678.40. The disclosure for this sale can be found here. Insiders have sold 139,630 shares of company stock worth $15,225,433 in the last ninety days. 0.49% of the stock is currently owned by insiders.
SWKS has been the topic of several recent research reports. Bank of America raised their price objective on shares of Skyworks Solutions from $120.00 to $125.00 in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research report on Monday, September 11th. Instinet started coverage on shares of Skyworks Solutions in a research report on Wednesday, September 6th. They issued a “buy” rating and a $115.00 price target on the stock. Citigroup raised shares of Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Tuesday, September 5th. Finally, KeyCorp reissued a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $115.72.
Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $98.26 on Tuesday. Skyworks Solutions, Inc. has a 52-week low of $73.49 and a 52-week high of $117.65. The stock has a market cap of $18,783.75, a price-to-earnings ratio of 16.98, a P/E/G ratio of 1.01 and a beta of 0.84.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 23.66%.
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About Skyworks Solutions
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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