ARP Americas LP Decreases Holdings in Skyworks Solutions Inc (SWKS)

ARP Americas LP lessened its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 30.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,400 shares of the semiconductor manufacturer’s stock after selling 1,900 shares during the quarter. ARP Americas LP’s holdings in Skyworks Solutions were worth $399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cim LLC grew its stake in shares of Skyworks Solutions by 12.1% during the second quarter. Cim LLC now owns 4,710 shares of the semiconductor manufacturer’s stock worth $455,000 after buying an additional 507 shares during the last quarter. Pittenger & Anderson Inc. grew its stake in shares of Skyworks Solutions by 6.8% during the second quarter. Pittenger & Anderson Inc. now owns 8,670 shares of the semiconductor manufacturer’s stock worth $838,000 after buying an additional 550 shares during the last quarter. Advisors Capital Management LLC grew its stake in shares of Skyworks Solutions by 1.4% during the third quarter. Advisors Capital Management LLC now owns 42,371 shares of the semiconductor manufacturer’s stock worth $3,844,000 after buying an additional 584 shares during the last quarter. Country Club Trust Company n.a. grew its stake in shares of Skyworks Solutions by 26.7% during the second quarter. Country Club Trust Company n.a. now owns 2,796 shares of the semiconductor manufacturer’s stock worth $270,000 after buying an additional 589 shares during the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in shares of Skyworks Solutions by 17.8% during the second quarter. Wetherby Asset Management Inc. now owns 4,163 shares of the semiconductor manufacturer’s stock worth $402,000 after buying an additional 630 shares during the last quarter. 80.60% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on SWKS shares. Canaccord Genuity reaffirmed a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a research note on Friday, July 20th. BMO Capital Markets reissued a “buy” rating and issued a $115.00 price objective on shares of Skyworks Solutions in a research note on Friday, July 20th. DA Davidson reduced their price objective on shares of Skyworks Solutions to $125.00 and set a “buy” rating on the stock in a research note on Friday, July 20th. B. Riley boosted their price objective on shares of Skyworks Solutions from $116.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Finally, Craig Hallum reissued a “buy” rating and issued a $120.00 price objective (up previously from $115.00) on shares of Skyworks Solutions in a research note on Friday, July 20th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. Skyworks Solutions has an average rating of “Hold” and an average price target of $114.10.



SWKS stock opened at $81.08 on Friday. The firm has a market capitalization of $14.65 billion, a P/E ratio of 13.56, a PEG ratio of 0.81 and a beta of 0.60. Skyworks Solutions Inc has a 12-month low of $79.27 and a 12-month high of $117.65.

In related news, Director David J. Aldrich sold 3,000 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $88.78, for a total value of $266,340.00. Following the transaction, the director now owns 145,252 shares in the company, valued at $12,895,472.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David J. Aldrich sold 10,000 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $93.03, for a total transaction of $930,300.00. Following the completion of the transaction, the director now owns 152,252 shares in the company, valued at approximately $14,164,003.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,500 shares of company stock worth $3,797,600. 0.47% of the stock is owned by company insiders.

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, 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 shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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