Skyworks Solutions, Inc. (SWKS) Holdings Raised by Legal & General Group Plc
Legal & General Group Plc boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 893,636 shares of the semiconductor manufacturer’s stock after purchasing an additional 21,802 shares during the quarter. Legal & General Group Plc owned about 0.49% of Skyworks Solutions worth $91,060,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Financial Engines Advisors L.L.C. bought a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $126,000. WFG Advisors LP boosted its position in shares of Skyworks Solutions by 14.8% in the second 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 during the period. Sun Life Financial INC boosted its position in shares of Skyworks Solutions by 551.5% in the second 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 during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Skyworks Solutions in the second quarter valued at approximately $202,000. Finally, Round Table Services LLC bought a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $204,000. 81.94% of the stock is owned by hedge funds and other institutional investors.
Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $102.23 on Friday. The company has a market capitalization of $19,244.94, a price-to-earnings ratio of 17.40, a P/E/G ratio of 1.04 and a beta of 0.85. Skyworks Solutions, Inc. has a 12-month low of $71.65 and a 12-month high of $117.65.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be paid 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 1.25%. Skyworks Solutions’s dividend payout ratio is currently 23.66%.
In other Skyworks Solutions news, Director Christine King sold 3,705 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following the completion of the transaction, the director now directly owns 16,641 shares in the company, valued at $1,777,591.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Laura A. Gasparini sold 12,132 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $110.53, for a total value of $1,340,949.96. The disclosure for this sale can be found here. Insiders have sold 139,630 shares of company stock valued at $15,225,433 over the last quarter. Corporate insiders own 0.49% of the company’s stock.
Several equities research analysts have recently weighed in on SWKS shares. Bank of America increased their price objective on Skyworks Solutions from $120.00 to $125.00 in a research report on Tuesday, November 7th. Instinet started coverage on Skyworks Solutions in a research report on Wednesday, September 6th. They issued a “buy” rating and a $115.00 price objective for the company. Citigroup raised Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Tuesday, September 5th. KeyCorp reissued a “buy” rating and issued a $120.00 price objective on shares of Skyworks Solutions in a research report on Friday, September 1st. Finally, BidaskClub cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Skyworks Solutions currently has an average rating of “Buy” and a consensus target price of $115.72.
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About Skyworks Solutions
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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