Nicholas Investment Partners LP lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 24.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,577 shares of the semiconductor manufacturer’s stock after selling 6,954 shares during the period. Nicholas Investment Partners LP’s holdings in Skyworks Solutions were worth $2,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Skyworks Solutions by 2.8% in the second quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock valued at $1,758,380,000 after purchasing an additional 502,995 shares during the period. Bank of New York Mellon Corp lifted its position in Skyworks Solutions by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 2,652,096 shares of the semiconductor manufacturer’s stock valued at $254,468,000 after purchasing an additional 95,860 shares during the period. Manning & Napier Advisors LLC lifted its position in Skyworks Solutions by 9.3% in the third quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock valued at $223,182,000 after purchasing an additional 186,077 shares during the period. Old Mutual Global Investors UK Ltd. lifted its position in Skyworks Solutions by 27.9% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock valued at $170,262,000 after purchasing an additional 364,933 shares during the period. Finally, Voya Investment Management LLC lifted its position in Skyworks Solutions by 953.8% in the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock valued at $123,813,000 after purchasing an additional 1,167,942 shares during the period. Hedge funds and other institutional investors own 81.94% of the company’s stock.

Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $97.60 on Wednesday. Skyworks Solutions, Inc. has a 12 month low of $73.94 and a 12 month high of $117.65. The firm has a market cap of $18,054.30, a P/E ratio of 16.32, a PEG ratio of 0.97 and a beta of 0.84.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.31%. Skyworks Solutions’s dividend payout ratio (DPR) is 23.66%.

In other news, CEO Liam Griffin sold 12,141 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $110.95, for a total transaction of $1,347,043.95. Following the completion of the transaction, the chief executive officer now directly owns 49,514 shares of the company’s stock, valued at approximately $5,493,578.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman David J. Aldrich sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $110.08, for a total transaction of $4,953,600.00. Following the transaction, the chairman now directly owns 184,842 shares of the company’s stock, valued at $20,347,407.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,925 shares of company stock valued at $14,829,665. Corporate insiders own 0.49% of the company’s stock.

SWKS has been the subject of a number of recent analyst reports. Vetr downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 price objective for the company. in a research report on Monday, August 14th. BidaskClub upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. KeyCorp restated a “buy” rating and issued a $120.00 price objective on shares of Skyworks Solutions in a research report on Friday, September 1st. Finally, Citigroup upgraded shares of Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Skyworks Solutions presently has an average rating of “Buy” and a consensus 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.

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

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