Thrivent Financial For Lutherans boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,960 shares of the semiconductor manufacturer’s stock after acquiring an additional 170 shares during the period. Thrivent Financial For Lutherans’ holdings in Skyworks Solutions were worth $668,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Invictus RG bought a new position in Skyworks Solutions during the 1st quarter worth $101,000. Winslow Evans & Crocker Inc. increased its stake in Skyworks Solutions by 3.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after acquiring an additional 35 shares during the period. Pathstone Family Office LLC bought a new position in Skyworks Solutions during the 1st quarter worth $177,000. Dubuque Bank & Trust Co. bought a new position in Skyworks Solutions during the 2nd quarter worth $182,000. Finally, Highbridge Capital Management LLC bought a new position in Skyworks Solutions during the 1st quarter worth $206,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

In other Skyworks Solutions news, insider Liam Griffin sold 2,610 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total value of $260,947.80. Following the completion of the sale, the insider now directly owns 50,408 shares in the company, valued at $5,039,791.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christine King sold 3,705 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following the completion of the sale, the director now owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The disclosure for this sale can be found here. Insiders sold 28,229 shares of company stock valued at $2,921,104 over the last 90 days. 0.49% of the stock is currently owned by company insiders.

A number of research firms have commented on SWKS. B. Riley restated a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a research note on Saturday, July 22nd. Vetr lowered Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 price target on the stock. in a research note on Monday, August 14th. BidaskClub upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Mizuho reiterated a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research note on Monday. Finally, Northland Securities reiterated a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two 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 an average target price of $112.02.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The business had revenue of $900.80 million during the quarter, compared to analyst estimates of $890.58 million. During the same period last year, the business posted $1.24 earnings per share. Skyworks Solutions’s quarterly revenue was up 19.8% compared to the same quarter last year.

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Skyworks Solutions Company 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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