Skyworks Solutions, Inc. (SWKS) Holdings Reduced by Pax World Management LLC
Pax World Management LLC lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 28.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,500 shares of the semiconductor manufacturer’s stock after selling 5,000 shares during the quarter. Pax World Management LLC’s holdings in Skyworks Solutions were worth $1,274,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. lifted its stake in shares of Skyworks Solutions by 3.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after buying an additional 35 shares during the last quarter. WFG Advisors LP lifted its stake in shares of Skyworks Solutions by 14.8% during the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after buying an additional 171 shares during the last quarter. Sun Life Financial INC lifted its stake in shares of Skyworks Solutions by 551.5% during the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after buying an additional 1,136 shares during the last quarter. Dubuque Bank & Trust Co. acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth about $182,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth about $202,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.
Skyworks Solutions, Inc. (SWKS) traded down $0.68 during trading hours on Friday, reaching $110.44. 363,106 shares of the company traded hands, compared to its average volume of 2,040,000. Skyworks Solutions, Inc. has a twelve month low of $71.65 and a twelve month high of $117.65. The firm has a market cap of $20,400.00, a P/E ratio of 18.80, a PEG ratio of 1.11 and a beta of 0.90.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.28 annualized dividend and a yield of 1.16%. Skyworks Solutions’s dividend payout ratio is presently 23.66%.
In related news, Director Christine King sold 3,705 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the sale, the director now directly owns 16,641 shares in the company, valued at approximately $1,777,591.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Liam Griffin sold 13,858 shares of Skyworks Solutions stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $102.18, for a total transaction of $1,416,010.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,173 shares of company stock worth $2,072,726. 0.49% of the stock is owned by corporate insiders.
SWKS has been the subject of a number of research reports. B. Riley restated a “buy” rating and set a $131.00 target price on shares of Skyworks Solutions in a research note on Tuesday. Zacks Investment Research upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Monday, August 28th. Vetr upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 target price for the company in a research note on Tuesday, August 29th. BMO Capital Markets restated a “hold” rating and set a $100.00 target price on shares of Skyworks Solutions in a research note on Friday, July 21st. Finally, Barclays PLC raised their target price on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Skyworks Solutions has a consensus rating of “Buy” and an average price target of $115.68.
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.
Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS).
Receive News & Ratings for Skyworks Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.