Skyworks Solutions, Inc. (SWKS) Shares Sold by South Dakota Investment Council

South Dakota Investment Council cut its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,200 shares of the semiconductor manufacturer’s stock after selling 1,500 shares during the quarter. South Dakota Investment Council’s holdings in Skyworks Solutions were worth $2,262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SWKS. Cambridge Investment Research Advisors Inc. increased its position in Skyworks Solutions by 134.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 28,755 shares of the semiconductor manufacturer’s stock worth $2,759,000 after buying an additional 16,467 shares during the period. Chicago Equity Partners LLC increased its position in Skyworks Solutions by 337.8% in the second 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 increased its position in Skyworks Solutions by 5.2% in the second 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 acquired a new stake in Skyworks Solutions in the second quarter worth $8,282,000. Finally, Montrusco Bolton Investments Inc. increased its position in Skyworks Solutions by 40.6% in the third 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. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Skyworks Solutions, Inc. (SWKS) opened at $109.75 on Friday. The stock has a market capitalization of $20,165.46, a PE ratio of 18.23, a P/E/G ratio of 1.09 and a beta of 0.90. Skyworks Solutions, Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $117.65.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given 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 1.17%. Skyworks Solutions’s dividend payout ratio (DPR) is 23.66%.

In related news, SVP Carlos S. Bori sold 3,745 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $109.53, for a total value of $410,189.85. Following the completion of the transaction, the senior vice president now owns 14,723 shares in the company, valued at approximately $1,612,610.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David J. Aldrich sold 45,000 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $110.08, for a total value of $4,953,600.00. Following the completion of the transaction, the chairman now owns 184,842 shares of the company’s stock, valued at approximately $20,347,407.36. The disclosure for this sale can be found here. Insiders sold a total of 140,089 shares of company stock valued at $15,255,794 in the last quarter. 0.49% of the stock is currently owned by corporate insiders.

Several brokerages have weighed in on SWKS. Vetr lowered Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 target price on the stock. in a research report on Monday, August 14th. BidaskClub raised Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Northland Securities reaffirmed a “buy” rating and issued a $115.00 target price on shares of Skyworks Solutions in a research report on Friday, August 4th. Craig Hallum reaffirmed a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, September 13th. Finally, Zacks Investment Research raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Monday, August 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Skyworks Solutions currently has a consensus rating of “Buy” and an average price target of $115.68.

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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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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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