Stevens Capital Management LP Buys 15,873 Shares of Skyworks Solutions, Inc. (SWKS)
Stevens Capital Management LP increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 31.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,382 shares of the semiconductor manufacturer’s stock after acquiring an additional 15,873 shares during the quarter. Stevens Capital Management LP’s holdings in Skyworks Solutions were worth $6,764,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. boosted 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 valued at $104,000 after purchasing an additional 35 shares in the last quarter. WFG Advisors LP lifted its position in shares of Skyworks Solutions by 14.8% during the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after acquiring an additional 171 shares during the last quarter. Sun Life Financial INC lifted its position in shares of Skyworks Solutions by 551.5% during the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after acquiring an additional 1,136 shares during the last quarter. Dubuque Bank & Trust Co. acquired a new stake in shares of Skyworks Solutions during the 2nd quarter valued at $182,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Skyworks Solutions in the second quarter valued at $202,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.
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Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $112.00 on Wednesday. Skyworks Solutions, Inc. has a 52-week low of $71.65 and a 52-week high of $117.65. The company has a market cap of $20,420.00, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.28 annualized dividend and a yield of 1.14%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 23.66%.
Several analysts recently issued reports on SWKS shares. B. Riley reiterated a “buy” rating and set a $120.00 price objective on shares of Skyworks Solutions in a report on Monday, July 17th. BidaskClub upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Canaccord Genuity reiterated a “buy” rating and set a $125.00 price objective (up from $117.00) on shares of Skyworks Solutions in a report on Tuesday. Mizuho reiterated a “buy” rating on shares of Skyworks Solutions in a report on Tuesday. Finally, DA Davidson reiterated a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Skyworks Solutions has a consensus rating of “Buy” and an average price target of $115.68.
In other Skyworks Solutions news, Director Christine King sold 3,705 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the sale, the director now directly owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Liam Griffin sold 2,610 shares of the business’s stock in a transaction dated 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 in the company, valued at $5,039,791.84. The disclosure for this sale can be found here. Insiders have sold a total of 20,173 shares of company stock worth $2,072,726 over the last three months. Insiders own 0.49% of the company’s stock.
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.
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