Commonwealth Equity Services Inc grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 27,880 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,936 shares during the period. Commonwealth Equity Services Inc’s holdings in Skyworks Solutions were worth $2,841,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SWKS. Cambridge Investment Research Advisors Inc. raised its stake in Skyworks Solutions by 134.0% during 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 buying an additional 16,467 shares during the last quarter. Chicago Equity Partners LLC boosted its holdings in Skyworks Solutions by 337.8% in the 2nd quarter. Chicago Equity Partners LLC now owns 37,020 shares of the semiconductor manufacturer’s stock worth $3,552,000 after buying an additional 28,565 shares during the period. Atlantic Trust Group LLC boosted its holdings in Skyworks Solutions by 5.2% in the 2nd quarter. Atlantic Trust Group LLC now owns 177,509 shares of the semiconductor manufacturer’s stock worth $17,033,000 after buying an additional 8,793 shares during the period. BT Investment Management Ltd bought a new position in Skyworks Solutions in the 2nd quarter worth $8,282,000. Finally, Montrusco Bolton Investments Inc. boosted its holdings in Skyworks Solutions by 40.6% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 132,478 shares of the semiconductor manufacturer’s stock worth $13,471,000 after buying an additional 38,232 shares during the period. Institutional investors own 81.94% of the company’s stock.
In other news, SVP Carlos S. Bori sold 2,151 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $107.20, for a total transaction of $230,587.20. Following the sale, the senior vice president now owns 9,372 shares in the company, valued at $1,004,678.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Liam Griffin sold 13,858 shares of Skyworks Solutions stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $102.18, for a total transaction of $1,416,010.44. The disclosure for this sale can be found here. Insiders sold 135,925 shares of company stock worth $14,829,665 in the last 90 days. 0.49% of the stock is currently owned by insiders.
Skyworks Solutions, Inc. (NASDAQ:SWKS) traded up $0.21 during trading on Thursday, hitting $96.68. 3,576,233 shares of the company’s stock traded hands, compared to its average volume of 2,024,109. Skyworks Solutions, Inc. has a one year low of $73.94 and a one year high of $117.65. The firm has a market cap of $17,933.03, a PE ratio of 16.21, a P/E/G ratio of 0.97 and a beta of 0.84.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.28 annualized dividend and a yield of 1.32%. Skyworks Solutions’s payout ratio is 23.66%.
Several analysts have commented on the stock. Vetr cut shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 price target 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 research note on Thursday, August 17th. Craig Hallum restated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, September 13th. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Monday, August 21st. Finally, Instinet initiated coverage on shares of Skyworks Solutions in a research report on Wednesday, September 6th. They issued a “buy” rating and a $115.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $115.72.
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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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