Segall Bryant & Hamill LLC Has $2.04 Million Position in Skyworks Solutions, Inc. (SWKS)

Segall Bryant & Hamill LLC reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 21.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,034 shares of the semiconductor manufacturer’s stock after selling 5,349 shares during the period. Segall Bryant & Hamill LLC’s holdings in Skyworks Solutions were worth $2,041,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SWKS. Strs Ohio lifted its holdings in Skyworks Solutions by 36.3% during the 2nd quarter. Strs Ohio now owns 9,011 shares of the semiconductor manufacturer’s stock valued at $864,000 after purchasing an additional 2,399 shares during the last quarter. TD Asset Management Inc. lifted its holdings in Skyworks Solutions by 1.7% during the 2nd quarter. TD Asset Management Inc. now owns 117,688 shares of the semiconductor manufacturer’s stock valued at $11,292,000 after purchasing an additional 1,972 shares during the last quarter. Trexquant Investment LP bought a new position in Skyworks Solutions during the 2nd quarter valued at about $393,000. Schwab Charles Investment Management Inc. lifted its holdings in Skyworks Solutions by 5.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 595,639 shares of the semiconductor manufacturer’s stock valued at $57,152,000 after purchasing an additional 31,091 shares during the last quarter. Finally, Boston Partners increased its position in Skyworks Solutions by 4.2% in the 2nd quarter. Boston Partners now owns 879,609 shares of the semiconductor manufacturer’s stock valued at $84,399,000 after acquiring an additional 35,539 shares in the last quarter. 81.94% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Liam Griffin sold 13,858 shares of Skyworks Solutions stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $102.18, for a total transaction of $1,416,010.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 4,377 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $108.30, for a total transaction of $474,029.10. Following the transaction, the senior vice president now directly owns 17,645 shares in the company, valued at approximately $1,910,953.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 150,275 shares of company stock valued at $16,223,522. 0.49% of the stock is owned by corporate insiders.

Several research firms have weighed in on SWKS. Vetr upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $118.57 price objective for the company in a research report on Tuesday, November 7th. Barclays raised their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. DA Davidson restated a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research report on Monday, September 11th. Finally, BidaskClub cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Skyworks Solutions has a consensus rating of “Buy” and an average target price of $115.72.

Shares of Skyworks Solutions, Inc. (SWKS) opened at $96.28 on Monday. Skyworks Solutions, Inc. has a 1 year low of $73.94 and a 1 year high of $117.65. The company has a market cap of $17,690.49, a P/E ratio of 15.99, a PEG ratio of 0.95 and a beta of 0.84.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, November 20th. Skyworks Solutions’s dividend payout ratio is 23.66%.

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About Skyworks Solutions

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.

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

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