JustInvest LLC Takes Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

JustInvest LLC acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 2,499 shares of the semiconductor manufacturer’s stock, valued at approximately $364,000.

Several other hedge funds also recently bought and sold shares of SWKS. Nuveen Asset Management LLC lifted its holdings in Skyworks Solutions by 192.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,660,834 shares of the semiconductor manufacturer’s stock worth $340,214,000 after purchasing an additional 1,750,796 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Skyworks Solutions by 327.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 758,323 shares of the semiconductor manufacturer’s stock worth $96,959,000 after purchasing an additional 580,723 shares in the last quarter. Robecosam AG lifted its holdings in Skyworks Solutions by 537.9% in the 2nd quarter. Robecosam AG now owns 446,500 shares of the semiconductor manufacturer’s stock worth $57,089,000 after purchasing an additional 376,500 shares in the last quarter. London Co. of Virginia lifted its holdings in Skyworks Solutions by 26.0% in the 2nd quarter. London Co. of Virginia now owns 1,339,149 shares of the semiconductor manufacturer’s stock worth $171,223,000 after purchasing an additional 276,507 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Skyworks Solutions by 107.9% in the 2nd quarter. Prudential Financial Inc. now owns 369,951 shares of the semiconductor manufacturer’s stock worth $47,302,000 after purchasing an additional 191,971 shares in the last quarter. 76.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ SWKS opened at $145.16 on Friday. The stock has a market capitalization of $24.25 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21. Skyworks Solutions, Inc. has a 1-year low of $67.90 and a 1-year high of $158.61. The business has a fifty day moving average price of $145.10 and a 200 day moving average price of $130.28.

In other Skyworks Solutions news, Director David J. Aldrich sold 15,100 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $144.42, for a total value of $2,180,742.00. Following the completion of the sale, the director now directly owns 135,226 shares in the company, valued at $19,529,338.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Robert John Terry sold 1,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $142.30, for a total value of $142,300.00. Following the completion of the sale, the senior vice president now owns 10,024 shares of the company’s stock, valued at $1,426,415.20. The disclosure for this sale can be found here. Insiders have sold a total of 54,225 shares of company stock valued at $7,888,152 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

A number of research firms recently commented on SWKS. Wells Fargo & Company boosted their price target on Skyworks Solutions from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Needham & Company LLC lifted their price objective on Skyworks Solutions from $125.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Rosenblatt Securities began coverage on Skyworks Solutions in a research note on Thursday, September 10th. They issued a “buy” rating and a $160.00 price objective on the stock. Charter Equity reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Friday, July 24th. Finally, Mizuho lifted their price objective on Skyworks Solutions from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, October 19th. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Skyworks Solutions presently has a consensus rating of “Buy” and an average target price of $142.69.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators, as well as wireless radio integrated circuits.

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

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