Livforsakringsbolaget Skandia Omsesidigt lessened its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,190 shares of the semiconductor manufacturer’s stock after selling 3,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Skyworks Solutions were worth $4,576,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of SWKS. Stephens Inc. AR increased its holdings in Skyworks Solutions by 2.9% during the 2nd quarter. Stephens Inc. AR now owns 3,456 shares of the semiconductor manufacturer’s stock worth $332,000 after purchasing an additional 98 shares during the period. Raymond James Trust N.A. purchased a new stake in Skyworks Solutions during the 2nd quarter worth about $238,000. Fiera Capital Corp purchased a new stake in Skyworks Solutions during the 2nd quarter worth about $523,000. BlueMountain Capital Management LLC increased its holdings in Skyworks Solutions by 3,779.6% during the 2nd quarter. BlueMountain Capital Management LLC now owns 5,703 shares of the semiconductor manufacturer’s stock worth $547,000 after purchasing an additional 5,556 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in Skyworks Solutions during the 2nd quarter worth about $13,215,000. Hedge funds and other institutional investors own 81.59% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Vetr downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and set a $105.96 price target on the stock. in a report on Wednesday. Bank of America upped their price target on Skyworks Solutions from $120.00 to $125.00 in a report on Tuesday, November 7th. Drexel Hamilton restated a “buy” rating and set a $128.00 price target (up previously from $120.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. Finally, BMO Capital Markets restated a “hold” rating and set a $100.00 price target on shares of Skyworks Solutions in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $116.00.
Skyworks Solutions, Inc. (NASDAQ SWKS) opened at $102.19 on Thursday. Skyworks Solutions, Inc. has a 1-year low of $76.49 and a 1-year high of $117.65. The company has a market capitalization of $18,780.00, a PE ratio of 18.89, a PEG ratio of 0.99 and a beta of 0.83.
In related news, SVP Carlos S. Bori sold 3,083 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $98.00, for a total value of $302,134.00. Following the completion of the sale, the senior vice president now directly owns 12,455 shares of the company’s stock, valued at approximately $1,220,590. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Laura A. Gasparini sold 12,132 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $110.53, for a total value of $1,340,949.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 161,864 shares of company stock worth $17,246,539. Company insiders own 0.49% of the company’s stock.
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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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