Apriem Advisors decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 23.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,094 shares of the semiconductor manufacturer’s stock after selling 650 shares during the quarter. Apriem Advisors’ holdings in Skyworks Solutions were worth $213,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of SWKS. Financial Engines Advisors L.L.C. purchased a new position in Skyworks Solutions in the third quarter worth approximately $126,000. WFG Advisors LP lifted its stake in Skyworks Solutions by 14.8% in the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after acquiring an additional 171 shares during the last quarter. Sun Life Financial INC lifted its stake in Skyworks Solutions by 551.5% in the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after acquiring an additional 1,136 shares during the last quarter. Intact Investment Management Inc. purchased a new position in Skyworks Solutions in the third quarter worth approximately $204,000. Finally, Round Table Services LLC purchased a new position in Skyworks Solutions in the third quarter worth approximately $204,000. 81.94% of the stock is owned by institutional investors and hedge funds.
Skyworks Solutions, Inc. (NASDAQ SWKS) opened at $96.47 on Thursday. The company has a market cap of $17,933.03, a price-to-earnings ratio of 16.21, a PEG ratio of 0.97 and a beta of 0.84. Skyworks Solutions, Inc. has a 1-year low of $73.94 and a 1-year high of $117.65.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a $0.32 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.33%. Skyworks Solutions’s payout ratio is 23.66%.
A number of brokerages recently issued reports on SWKS. BMO Capital Markets reiterated a “hold” rating and issued a $100.00 price target on shares of Skyworks Solutions in a research note on Monday, November 6th. DA Davidson reissued a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a report on Tuesday, November 7th. Drexel Hamilton reissued a “buy” rating and set a $128.00 price objective (up previously from $120.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. Needham & Company LLC raised their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, KeyCorp raised their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock an “in-line” rating in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $115.72.
In other Skyworks Solutions 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 value of $1,416,010.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Carlos S. Bori sold 2,151 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 9,372 shares in the company, valued at $1,004,678.40. The disclosure for this sale can be found here. Insiders sold a total of 135,925 shares of company stock worth $14,829,665 over the last ninety days. Corporate insiders own 0.49% of the company’s stock.
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Skyworks Solutions Company 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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