Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,985 shares of the semiconductor manufacturer’s stock after selling 550 shares during the period. Leavell Investment Management Inc.’s holdings in Skyworks Solutions were worth $1,875,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SWKS. Texas Permanent School Fund Corp increased its position in shares of Skyworks Solutions by 0.6% in the first quarter. Texas Permanent School Fund Corp now owns 33,122 shares of the semiconductor manufacturer’s stock valued at $3,588,000 after buying an additional 210 shares in the last quarter. Empirical Finance LLC increased its holdings in Skyworks Solutions by 3.4% during the 1st quarter. Empirical Finance LLC now owns 5,884 shares of the semiconductor manufacturer’s stock valued at $637,000 after acquiring an additional 192 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Skyworks Solutions by 8.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 8,652 shares of the semiconductor manufacturer’s stock worth $937,000 after acquiring an additional 658 shares during the last quarter. Forsta AP Fonden lifted its holdings in shares of Skyworks Solutions by 13.6% in the first quarter. Forsta AP Fonden now owns 30,000 shares of the semiconductor manufacturer’s stock valued at $3,250,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Skyworks Solutions by 49.1% in the first quarter. Sei Investments Co. now owns 179,590 shares of the semiconductor manufacturer’s stock valued at $19,451,000 after purchasing an additional 59,145 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SWKS has been the topic of a number of recent research reports. The Goldman Sachs Group raised Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Piper Sandler dropped their price objective on Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Susquehanna reduced their target price on shares of Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. B. Riley lowered their price target on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Stifel Nicolaus upped their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $110.20.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares in the company, valued at $3,793,589.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,341 shares of company stock valued at $2,142,110. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $89.16 on Friday. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 4.10 and a beta of 1.21. Skyworks Solutions, Inc. has a 12 month low of $86.21 and a 12 month high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The stock’s 50-day moving average is $96.90 and its 200-day moving average is $100.84.

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.