Chevy Chase Trust Holdings Inc. boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,906 shares of the semiconductor manufacturer’s stock after buying an additional 1,285 shares during the quarter. Chevy Chase Trust Holdings Inc. owned about 0.09% of Skyworks Solutions worth $16,396,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Skyworks Solutions by 2.8% during the second quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock worth $1,758,380,000 after buying an additional 502,995 shares during the last quarter. Bank of New York Mellon Corp increased its position in Skyworks Solutions by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 2,652,096 shares of the semiconductor manufacturer’s stock worth $254,468,000 after buying an additional 95,860 shares during the last quarter. Manning & Napier Advisors LLC increased its position in Skyworks Solutions by 9.3% during the third quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock worth $223,182,000 after buying an additional 186,077 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its position in Skyworks Solutions by 27.9% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock worth $170,262,000 after buying an additional 364,933 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Skyworks Solutions by 953.8% during the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock worth $123,813,000 after buying an additional 1,167,942 shares during the last quarter. 81.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Skyworks Solutions, Inc. (SWKS) opened at $96.98 on Tuesday. Skyworks Solutions, Inc. has a one year low of $73.94 and a one year high of $117.65. The firm has a market cap of $17,710.00, a PE ratio of 15.99, a P/E/G ratio of 0.95 and a beta of 0.84.

The business also recently announced 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. This represents a $1.28 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s payout ratio is presently 23.66%.

In related news, insider Liam Griffin sold 10,500 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $96.76, for a total value of $1,015,980.00. Following the completion of the sale, the insider now owns 59,647 shares in the company, valued at $5,771,443.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Carlos S. Bori sold 2,151 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $107.20, for a total transaction of $230,587.20. Following the completion of the sale, the senior vice president now owns 9,372 shares of the company’s stock, valued at approximately $1,004,678.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,275 shares of company stock valued at $16,223,522. 0.49% of the stock is owned by corporate insiders.

Several equities analysts have commented on SWKS shares. Bank of America increased their target price on shares of Skyworks Solutions from $120.00 to $125.00 in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Monday, September 11th. Instinet started coverage on shares of Skyworks Solutions in a research report on Wednesday, September 6th. They set a “buy” rating and a $115.00 target price on the stock. Citigroup upgraded shares of Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price target for the company in a report on Tuesday, September 5th. Finally, KeyCorp restated a “buy” rating and set a $120.00 price target on shares of Skyworks Solutions in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $115.72.

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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.

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

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