Teachers Retirement System of The State of Kentucky decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,143 shares of the semiconductor manufacturer’s stock after selling 2,176 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Skyworks Solutions were worth $8,472,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Financial Engines Advisors L.L.C. bought a new stake in Skyworks Solutions during the third quarter worth approximately $126,000. WFG Advisors LP raised its holdings in Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after purchasing an additional 171 shares in the last quarter. Sun Life Financial INC raised its holdings 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 worth $129,000 after purchasing an additional 1,136 shares in the last quarter. Intact Investment Management Inc. bought a new stake in Skyworks Solutions during the third quarter worth approximately $204,000. Finally, Round Table Services LLC acquired a new position in Skyworks Solutions in the third quarter worth approximately $204,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.
Skyworks Solutions, Inc. (SWKS) opened at $109.75 on Monday. Skyworks Solutions, Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $117.65. The company has a market cap of $20,170.00, a price-to-earnings ratio of 18.23, a PEG ratio of 1.09 and a beta of 0.90.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, November 20th. Skyworks Solutions’s dividend payout ratio is currently 23.66%.
In other news, insider Liam Griffin sold 2,610 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total transaction of $260,947.80. Following the transaction, the insider now directly owns 50,408 shares in the company, valued at approximately $5,039,791.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Carlos S. Bori sold 3,745 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $109.53, for a total transaction of $410,189.85. Following the transaction, the senior vice president now owns 14,723 shares in the company, valued at $1,612,610.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,089 shares of company stock worth $15,255,794. 0.49% of the stock is currently owned by corporate insiders.
Several research analysts have issued reports on SWKS shares. Wells Fargo & Company restated an “outperform” rating on shares of Skyworks Solutions in a research report on Monday, July 31st. BidaskClub lowered shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Vetr upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $117.35 price target on the stock in a research report on Thursday, August 3rd. Northland Securities restated a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research report on Friday, August 4th. Finally, Zacks Investment Research lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price 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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