Prudential Financial Inc. Purchases 11,110 Shares of Skyworks Solutions, Inc. (SWKS)
Prudential Financial Inc. boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 322,308 shares of the semiconductor manufacturer’s stock after purchasing an additional 11,110 shares during the quarter. Prudential Financial Inc. owned about 0.18% of Skyworks Solutions worth $32,843,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SWKS. Winslow Evans & Crocker Inc. raised its holdings in Skyworks Solutions by 3.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after acquiring an additional 35 shares in the last quarter. WFG Advisors LP raised its holdings in Skyworks Solutions by 14.8% in the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after acquiring an additional 171 shares in the last quarter. Sun Life Financial INC raised its holdings in Skyworks Solutions by 551.5% in the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after acquiring an additional 1,136 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new position in Skyworks Solutions in the 2nd quarter valued at $182,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Skyworks Solutions in the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 80.58% of the company’s stock.
Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $111.21 on Wednesday. Skyworks Solutions, Inc. has a 52-week low of $71.65 and a 52-week high of $117.65. The company has a market capitalization of $20,266.53, a PE ratio of 18.32, a P/E/G ratio of 1.08 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 dividend yield of 1.15%. Skyworks Solutions’s payout ratio is 23.66%.
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In related news, insider Liam Griffin sold 2,610 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total transaction of $260,947.80. Following the sale, the insider now owns 50,408 shares in the company, valued at approximately $5,039,791.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christine King sold 3,705 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the sale, the director now owns 16,641 shares in the company, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,432 shares of company stock worth $5,641,736. 0.49% of the stock is owned by corporate insiders.
Several equities analysts have weighed in on the company. raised Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday, November 10th. raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $118.57 price objective for the company in a report on Tuesday, November 7th. reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Tuesday, November 7th. Bank of America Corporation boosted their price target on Skyworks Solutions from $120.00 to $125.00 in a report on Tuesday, November 7th. Finally, reissued a “buy” rating and set a $131.00 price target on shares of Skyworks Solutions in a report on Tuesday, November 7th. One equities 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 assigned a strong buy rating to the company’s stock. Skyworks Solutions currently has an average rating of “Buy” and a consensus 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.
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