Farmers & Merchants Trust Co of Chambersburg PA lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,435 shares of the semiconductor manufacturer’s stock after selling 800 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Skyworks Solutions were worth $1,466,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. CHURCHILL MANAGEMENT Corp acquired a new stake in Skyworks Solutions in the 4th quarter worth about $2,705,000. Crow Point Partners LLC acquired a new stake in Skyworks Solutions in the 4th quarter worth about $379,000. Union Bankshares Corp acquired a new stake in Skyworks Solutions in the 4th quarter worth about $1,912,000. Chesley Taft & Associates LLC boosted its holdings in Skyworks Solutions by 4.3% in the 4th quarter. Chesley Taft & Associates LLC now owns 15,990 shares of the semiconductor manufacturer’s stock worth $1,518,000 after buying an additional 660 shares during the last quarter. Finally, Polianta Ltd boosted its holdings in Skyworks Solutions by 8.8% in the 4th quarter. Polianta Ltd now owns 12,300 shares of the semiconductor manufacturer’s stock worth $1,167,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 81.55% of the company’s stock.

Several research firms recently issued reports on SWKS. Drexel Hamilton reiterated a “buy” rating and issued a $128.00 price objective (up from $120.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. DA Davidson reiterated a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a report on Tuesday, November 7th. BMO Capital Markets reiterated a “hold” rating and issued a $100.00 price objective on shares of Skyworks Solutions in a report on Monday, November 6th. Needham & Company LLC lifted their price objective on Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, KeyCorp boosted their target price on Skyworks Solutions from $120.00 to $125.00 and gave the stock an “in-line” rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $116.09.

Skyworks Solutions, Inc. (NASDAQ SWKS) traded up $1.50 during mid-day trading on Friday, hitting $101.42. 736,370 shares of the stock traded hands, compared to its average volume of 1,973,512. The stock has a market cap of $18,610.00, a price-to-earnings ratio of 18.75, a PEG ratio of 1.01 and a beta of 0.83. Skyworks Solutions, Inc. has a 1 year low of $74.67 and a 1 year high of $117.65.

In other news, CEO Liam Griffin sold 12,141 shares of Skyworks Solutions 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 sale, the chief executive officer now owns 49,514 shares of the company’s stock, valued at approximately $5,493,578.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Robert John Terry sold 7,986 shares of Skyworks Solutions stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $110.32, for a total transaction of $881,015.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 161,864 shares of company stock worth $17,246,539. Corporate insiders own 0.49% of the company’s stock.

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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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