State of New Jersey Common Pension Fund D Sells 7,144 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

State of New Jersey Common Pension Fund D reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.3% in the third quarter, HoldingsChannel.com reports. The firm owned 106,550 shares of the semiconductor manufacturer’s stock after selling 7,144 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Skyworks Solutions were worth $15,503,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its holdings in shares of Skyworks Solutions by 192.4% during the second quarter. Nuveen Asset Management LLC now owns 2,660,834 shares of the semiconductor manufacturer’s stock worth $340,214,000 after purchasing an additional 1,750,796 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Skyworks Solutions by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 2,358,120 shares of the semiconductor manufacturer’s stock worth $301,509,000 after purchasing an additional 19,605 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Skyworks Solutions by 10.2% during the second quarter. Victory Capital Management Inc. now owns 2,008,564 shares of the semiconductor manufacturer’s stock worth $256,814,000 after purchasing an additional 185,152 shares during the period. London Co. of Virginia boosted its holdings in shares of Skyworks Solutions by 26.0% during the second quarter. London Co. of Virginia now owns 1,339,149 shares of the semiconductor manufacturer’s stock worth $171,223,000 after purchasing an additional 276,507 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Skyworks Solutions by 12.9% during the second quarter. Bank of America Corp DE now owns 1,243,417 shares of the semiconductor manufacturer’s stock worth $158,983,000 after purchasing an additional 142,094 shares during the period. Institutional investors own 76.89% of the company’s stock.

Shares of SWKS opened at $145.16 on Friday. The company has a market capitalization of $24.25 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21. The firm has a 50 day moving average of $145.10 and a 200 day moving average of $130.28. Skyworks Solutions, Inc. has a twelve month low of $67.90 and a twelve month high of $158.61.

In other Skyworks Solutions news, CEO Liam Griffin sold 5,000 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $150.49, for a total value of $752,450.00. Following the completion of the sale, the chief executive officer now owns 52,205 shares of the company’s stock, valued at approximately $7,856,330.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director P Mcglade David sold 12,500 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $153.01, for a total transaction of $1,912,625.00. Following the completion of the sale, the director now directly owns 2,294 shares of the company’s stock, valued at approximately $351,004.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,225 shares of company stock valued at $7,888,152. 0.40% of the stock is currently owned by insiders.

SWKS has been the subject of a number of analyst reports. Rosenblatt Securities initiated coverage on shares of Skyworks Solutions in a report on Thursday, September 10th. They set a “buy” rating and a $160.00 target price for the company. Needham & Company LLC raised their price objective on shares of Skyworks Solutions from $125.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Morgan Stanley raised their price objective on shares of Skyworks Solutions from $124.00 to $131.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. Mizuho raised their price objective on shares of Skyworks Solutions from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, October 19th. Finally, Barclays raised their price objective on shares of Skyworks Solutions from $100.00 to $130.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $142.69.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators, as well as wireless radio integrated circuits.

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

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