Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 164.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,228 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,609 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Skyworks Solutions were worth $1,246,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Financial Engines Advisors L.L.C. acquired a new position in shares of Skyworks Solutions in the third quarter valued at approximately $126,000. WFG Advisors LP raised its position in shares of Skyworks Solutions by 14.8% in the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after buying an additional 171 shares during the last quarter. Sun Life Financial INC raised its position in shares of Skyworks Solutions by 551.5% in the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after buying an additional 1,136 shares during the last quarter. Intact Investment Management Inc. acquired a new position in shares of Skyworks Solutions in the third quarter valued at approximately $204,000. Finally, Round Table Services LLC acquired a new position in shares of Skyworks Solutions in the third quarter valued at approximately $204,000. 81.94% of the stock is owned by institutional investors and hedge funds.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $102.23 on Monday. Skyworks Solutions, Inc. has a twelve month low of $71.65 and a twelve month high of $117.65. The stock has a market cap of $18,783.74, a P/E ratio of 16.98, a P/E/G ratio of 1.01 and a beta of 0.85.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be paid 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 1.25%. Skyworks Solutions’s dividend payout ratio is currently 23.66%.

In other Skyworks Solutions news, Chairman David J. Aldrich sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $110.08, for a total transaction of $4,953,600.00. Following the completion of the sale, the chairman now directly owns 184,842 shares in the company, valued at $20,347,407.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christine King sold 3,705 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following 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. Over the last quarter, insiders have sold 139,630 shares of company stock valued at $15,225,433. 0.49% of the stock is owned by insiders.

SWKS has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Instinet initiated coverage on shares of Skyworks Solutions in a research report on Wednesday, September 6th. They issued a “buy” rating and a $115.00 price objective for the company. BidaskClub raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Drexel Hamilton reissued a “buy” rating and issued a $128.00 price objective (up previously from $120.00) on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Finally, B. Riley reissued a “buy” rating and issued a $131.00 price objective on shares of Skyworks Solutions in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Skyworks Solutions presently has a consensus rating of “Buy” and an average target price of $115.72.

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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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