Bank of New York Mellon Corp Trims Holdings in Skyworks Solutions, Inc. (SWKS)
Bank of New York Mellon Corp lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,533,303 shares of the semiconductor manufacturer’s stock after selling 118,793 shares during the quarter. Bank of New York Mellon Corp owned 1.38% of Skyworks Solutions worth $258,143,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. WFG Advisors LP lifted its position in shares of Skyworks Solutions by 14.8% in the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after acquiring an additional 171 shares during the period. Sun Life Financial INC lifted its position in shares of Skyworks Solutions by 551.5% in the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after acquiring an additional 1,136 shares during the period. Dubuque Bank & Trust Co. acquired a new position in shares of Skyworks Solutions in the 2nd quarter worth approximately $182,000. Intact Investment Management Inc. acquired a new position in shares of Skyworks Solutions in the 3rd quarter worth approximately $204,000. Finally, Round Table Services LLC acquired a new position in shares of Skyworks Solutions in the 3rd quarter worth approximately $204,000. Institutional investors own 80.58% of the company’s stock.
Skyworks Solutions, Inc. (NASDAQ:SWKS) traded down $0.06 during trading hours on Friday, hitting $110.00. The stock had a trading volume of 1,323,359 shares, compared to its average volume of 1,992,578. Skyworks Solutions, Inc. has a 1-year low of $71.65 and a 1-year high of $117.65. The company has a market cap of $20,220.00, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.09 and a beta of 0.90.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, November 20th. This represents a $1.28 annualized dividend and a yield of 1.16%. Skyworks Solutions’s dividend payout ratio is presently 23.66%.
In other Skyworks Solutions news, CEO Liam Griffin sold 12,141 shares of Skyworks Solutions stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $110.95, for a total transaction of $1,347,043.95. Following the transaction, the chief executive officer now directly owns 49,514 shares in the company, valued at $5,493,578.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman David J. Aldrich sold 45,000 shares of Skyworks Solutions stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $110.08, for a total value of $4,953,600.00. Following the transaction, the chairman now owns 184,842 shares in the company, valued at $20,347,407.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,094 shares of company stock worth $13,065,904. Corporate insiders own 0.49% of the company’s stock.
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A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Vetr raised 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 reissued a “buy” rating on shares of Skyworks Solutions in a report on Tuesday, November 7th. Bank of America Corporation increased their target price on Skyworks Solutions from $120.00 to $125.00 in a report on Tuesday, November 7th. Finally, B. Riley reissued a “buy” rating and issued 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 issued a buy rating and one has given a strong buy rating to the company. Skyworks Solutions currently has an average rating of “Buy” and a consensus price target of $115.68.
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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