CWA Asset Management Group LLC Invests $1.99 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

CWA Asset Management Group LLC acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,165 shares of the semiconductor manufacturer’s stock, valued at approximately $1,992,000.

A number of other institutional investors also recently added to or reduced their stakes in SWKS. Equitable Trust Co. lifted its holdings in shares of Skyworks Solutions by 1.6% in the 3rd quarter. Equitable Trust Co. now owns 50,960 shares of the semiconductor manufacturer’s stock valued at $5,033,000 after buying an additional 785 shares during the period. Verity Asset Management Inc. lifted its holdings in Skyworks Solutions by 4.7% in the third quarter. Verity Asset Management Inc. now owns 10,080 shares of the semiconductor manufacturer’s stock valued at $996,000 after acquiring an additional 450 shares during the period. Keynote Financial Services LLC boosted its position in shares of Skyworks Solutions by 2.5% during the 3rd quarter. Keynote Financial Services LLC now owns 14,417 shares of the semiconductor manufacturer’s stock worth $1,424,000 after purchasing an additional 352 shares in the last quarter. Hara Capital LLC acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth $51,000. Finally, Olympiad Research LP increased its holdings in shares of Skyworks Solutions by 48.8% in the 3rd quarter. Olympiad Research LP now owns 8,063 shares of the semiconductor manufacturer’s stock valued at $796,000 after purchasing an additional 2,643 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SWKS. Rosenblatt Securities upped their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. B. Riley dropped their price objective on Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. Stifel Nicolaus raised their price target on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $110.20.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the sale, the senior vice president now owns 17,455 shares in the company, valued at $1,875,888.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the sale, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,341 shares of company stock worth $2,142,110. 0.34% of the stock is owned by company insiders.

Skyworks Solutions Trading Down 2.2 %

Shares of Skyworks Solutions stock opened at $89.16 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $86.21 and a fifty-two week high of $120.86. The business’s fifty day moving average is $96.90 and its two-hundred day moving average is $100.84. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The firm has a market cap of $14.24 billion, a PE ratio of 18.38, a P/E/G ratio of 4.10 and a beta of 1.21.

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.