Orrstown Financial Services Inc. lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.0% during the fourth quarter, HoldingsChannel reports. The firm owned 14,059 shares of the semiconductor manufacturer’s stock after selling 1,739 shares during the period. Skyworks Solutions comprises 1.5% of Orrstown Financial Services Inc.’s holdings, making the stock its 11th biggest position. Orrstown Financial Services Inc.’s holdings in Skyworks Solutions were worth $1,335,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of Skyworks Solutions by 69.2% during the 3rd quarter. Van ECK Associates Corp now owns 307,568 shares of the semiconductor manufacturer’s stock worth $31,341,000 after acquiring an additional 125,792 shares during the period. Pinebridge Investments L.P. raised its holdings in shares of Skyworks Solutions by 88.2% during the 3rd quarter. Pinebridge Investments L.P. now owns 108,618 shares of the semiconductor manufacturer’s stock worth $11,069,000 after acquiring an additional 50,898 shares during the period. Union Bankshares Corp purchased a new position in shares of Skyworks Solutions during the 4th quarter worth $1,912,000. First Interstate Bank raised its holdings in shares of Skyworks Solutions by 6.3% during the 3rd quarter. First Interstate Bank now owns 79,681 shares of the semiconductor manufacturer’s stock worth $8,120,000 after acquiring an additional 4,740 shares during the period. Finally, Systematic Financial Management LP purchased a new position in shares of Skyworks Solutions during the 3rd quarter worth $1,140,000. Institutional investors own 81.59% of the company’s stock.

SWKS has been the topic of several analyst reports. Bank of America lifted their price target on Skyworks Solutions from $120.00 to $125.00 in a report on Tuesday, November 7th. Needham & Company LLC lifted their price target on Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Drexel Hamilton reiterated a “buy” rating and set a $128.00 price target (up previously from $120.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. DA Davidson reiterated a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a report on Tuesday, November 7th. Finally, Mizuho reiterated a “buy” rating and set a $120.00 price target on shares of Skyworks Solutions in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $116.09.

Skyworks Solutions, Inc. (SWKS) traded down $1.35 during midday trading on Tuesday, reaching $99.86. The company’s stock had a trading volume of 2,520,000 shares, compared to its average volume of 2,400,000. The firm has a market cap of $18,350.00, a P/E ratio of 18.46, a P/E/G ratio of 1.01 and a beta of 0.83. Skyworks Solutions, Inc. has a 52 week low of $76.49 and a 52 week high of $117.65.

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 value 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 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 shares were sold at an average price of $110.08, for a total value of $4,953,600.00. Following the completion of 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 ninety days, insiders sold 161,864 shares of company stock valued at $17,246,539. 0.49% of the stock is currently owned by corporate insiders.

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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.

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

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