Global X MANAGEMENT CO LLC lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,718 shares of the semiconductor manufacturer’s stock after selling 3,149 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Skyworks Solutions were worth $3,640,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Girard Partners LTD. increased its holdings in shares of Skyworks Solutions by 0.3% in the second quarter. Girard Partners LTD. now owns 5,819 shares of the semiconductor manufacturer’s stock valued at $558,000 after purchasing an additional 16 shares in the last quarter. Cadence Capital Management LLC increased its holdings in shares of Skyworks Solutions by 0.3% in the second quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock valued at $738,000 after purchasing an additional 21 shares in the last quarter. Winslow Evans & Crocker Inc. increased its holdings in shares of Skyworks Solutions by 3.3% in the second 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. Montag A & Associates Inc. increased its holdings in shares of Skyworks Solutions by 0.5% in the second quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock valued at $874,000 after purchasing an additional 41 shares in the last quarter. Finally, Krilogy Financial LLC grew its holdings in Skyworks Solutions by 1.9% during the 2nd quarter. Krilogy Financial LLC now owns 2,726 shares of the semiconductor manufacturer’s stock worth $262,000 after acquiring an additional 50 shares during the period. 80.58% of the stock is owned by institutional investors and hedge funds.

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 value of $395,768.10. Following the completion of the sale, the director now owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Liam Griffin sold 2,610 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total transaction of $260,947.80. Following the completion of the sale, the insider now directly owns 50,408 shares of the company’s stock, valued at approximately $5,039,791.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,173 shares of company stock worth $2,072,726. 0.49% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: This news story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/14/global-x-management-co-llc-lowers-position-in-skyworks-solutions-inc-swks.html.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday. Vetr raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $118.57 target price for the company in a report on Tuesday, November 7th. Mizuho reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Tuesday, November 7th. Bank of America Corporation lifted their target price on shares of Skyworks Solutions from $120.00 to $125.00 in a report on Tuesday, November 7th. Finally, B. Riley reaffirmed a “buy” rating and set a $131.00 target price on shares of Skyworks Solutions in a report on Tuesday, November 7th. One research 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 company currently has a consensus rating of “Buy” and an average target price of $115.68.

Skyworks Solutions, Inc. (SWKS) opened at $110.30 on Tuesday. 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 $20,286.74, a PE ratio of 18.34, a P/E/G ratio of 1.09 and a beta of 0.90.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors 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 currently 23.66%.

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.

Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS).

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

Receive News & Stock Ratings for Skyworks Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions Inc. and related stocks with our FREE daily email newsletter.