Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 17.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,279 shares of the semiconductor manufacturer’s stock after selling 5,520 shares during the quarter. Private Advisor Group LLC’s holdings in Skyworks Solutions were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SWKS. Duality Advisers LP purchased a new stake in shares of Skyworks Solutions during the first quarter worth about $1,517,000. Brookstone Capital Management purchased a new stake in Skyworks Solutions during the 1st quarter worth approximately $262,000. Advisors Asset Management Inc. boosted its stake in shares of Skyworks Solutions by 73.3% during the 1st quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock valued at $1,740,000 after buying an additional 6,795 shares during the last quarter. M&G Plc acquired a new stake in shares of Skyworks Solutions during the second quarter worth approximately $797,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Skyworks Solutions by 10.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 450,917 shares of the semiconductor manufacturer’s stock worth $48,843,000 after buying an additional 43,373 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SWKS. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price on Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. TD Cowen lifted their target price on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Bank of America upped their price target on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $109.88.

Insider Activity

In related news, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the transaction, the senior vice president now owns 17,455 shares of the company’s stock, valued at $1,875,888.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the sale, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares in the company, valued at approximately $2,638,548.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,341 shares of company stock worth $2,142,110. 0.35% of the stock is owned by company insiders.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $96.14 on Tuesday. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $120.86. The firm has a market capitalization of $15.36 billion, a PE ratio of 19.82, a P/E/G ratio of 4.32 and a beta of 1.20. The firm has a 50-day moving average price of $100.02 and a 200 day moving average price of $101.40. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. The business had revenue of $905.50 million for the quarter, compared to analyst estimates of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter last year, the business earned $1.50 earnings per share. On average, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.