Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by ARP Americas LLC

ARP Americas LLC decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 33.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,511 shares of the semiconductor manufacturer’s stock after selling 1,267 shares during the period. ARP Americas LLC’s holdings in Skyworks Solutions were worth $256,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SWKS. Thrivent Financial For Lutherans grew its holdings in shares of Skyworks Solutions by 5.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 6,790 shares of the semiconductor manufacturer’s stock worth $665,000 after purchasing an additional 380 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Skyworks Solutions during the 1st quarter worth $206,000. Barings LLC acquired a new stake in shares of Skyworks Solutions during the 1st quarter worth $220,000. UBS Oconnor LLC grew its holdings in shares of Skyworks Solutions by 20.0% during the 1st quarter. UBS Oconnor LLC now owns 30,000 shares of the semiconductor manufacturer’s stock worth $2,939,000 after purchasing an additional 5,000 shares in the last quarter. Finally, TrueNorth Inc. grew its holdings in shares of Skyworks Solutions by 12.1% during the 1st quarter. TrueNorth Inc. now owns 20,517 shares of the semiconductor manufacturer’s stock worth $2,010,000 after purchasing an additional 2,214 shares in the last quarter. Hedge funds and other institutional investors own 80.58% of the company’s stock.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $110.41 on Monday. Skyworks Solutions, Inc. has a one year low of $71.65 and a one year high of $117.65. The company has a market capitalization of $20,290.00, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 1.09 and a beta of 0.90.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.28 dividend on an annualized basis and a yield of 1.16%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 23.66%.

In related news, insider Liam Griffin sold 2,610 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total transaction of $260,947.80. Following the transaction, the insider now owns 50,408 shares of the company’s stock, valued at $5,039,791.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christine King sold 3,705 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the transaction, the director now directly owns 16,641 shares in the company, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. Insiders sold 20,173 shares of company stock valued at $2,072,726 in the last three months. Insiders own 0.49% of the company’s stock.

Several analysts recently weighed in on the company. Zacks Investment Research raised Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Friday. Vetr raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $118.57 price objective on the stock in a research note on Tuesday, November 7th. Mizuho reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Bank of America Corporation raised their price objective on Skyworks Solutions from $120.00 to $125.00 in a research note on Tuesday, November 7th. Finally, B. Riley reaffirmed a “buy” rating and issued a $131.00 price objective on shares of Skyworks Solutions in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $115.68.

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Skyworks Solutions Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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

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