Strategic Investment Advisors MI acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, Holdings Channel reports. The fund acquired 2,772 shares of the semiconductor manufacturer’s stock, valued at approximately $424,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. IFM Investors Pty Ltd grew its position in shares of Skyworks Solutions by 18.9% in the 4th quarter. IFM Investors Pty Ltd now owns 16,252 shares of the semiconductor manufacturer’s stock valued at $2,485,000 after purchasing an additional 2,585 shares during the period. Campbell Capital Management Inc. lifted its stake in Skyworks Solutions by 50.9% in the 4th quarter. Campbell Capital Management Inc. now owns 14,825 shares of the semiconductor manufacturer’s stock valued at $2,345,000 after acquiring an additional 5,000 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Skyworks Solutions by 29.0% during the 4th quarter. Global Retirement Partners LLC now owns 445 shares of the semiconductor manufacturer’s stock worth $68,000 after purchasing an additional 100 shares in the last quarter. OneAscent Financial Services LLC raised its stake in Skyworks Solutions by 39.6% in the 4th quarter. OneAscent Financial Services LLC now owns 3,437 shares of the semiconductor manufacturer’s stock valued at $525,000 after acquiring an additional 975 shares during the period. Finally, Sowell Financial Services LLC raised its stake in Skyworks Solutions by 5.7% in the 4th quarter. Sowell Financial Services LLC now owns 3,731 shares of the semiconductor manufacturer’s stock valued at $570,000 after acquiring an additional 200 shares during the period. 76.89% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have commented on SWKS shares. Zacks Investment Research lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $158.00 price objective on the stock. in a report on Tuesday, January 5th. BidaskClub upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, January 7th. Craig Hallum upped their price objective on Skyworks Solutions from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. KeyCorp increased their target price on Skyworks Solutions from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, January 6th. Finally, Cowen increased their target price on Skyworks Solutions from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, December 22nd. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $153.24.

Shares of SWKS opened at $157.89 on Thursday. The business’s fifty day simple moving average is $149.34 and its two-hundred day simple moving average is $143.23. Skyworks Solutions, Inc. has a 12 month low of $67.90 and a 12 month high of $165.99. The company has a market cap of $26.22 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 2.00 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Monday, November 2nd. The semiconductor manufacturer reported $1.85 EPS for the quarter, beating the consensus estimate of $1.52 by $0.33. Skyworks Solutions had a return on equity of 20.73% and a net margin of 24.13%. The business had revenue of $956.60 million for the quarter, compared to the consensus estimate of $840.61 million. During the same period last year, the business posted $1.52 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. Equities analysts expect that Skyworks Solutions, Inc. will post 4.92 earnings per share for the current fiscal year.

In other news, CEO Liam Griffin sold 13,800 shares of the stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $136.69, for a total transaction of $1,886,322.00. Following the transaction, the chief executive officer now directly owns 57,963 shares of the company’s stock, valued at approximately $7,922,962.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert John Terry sold 8,375 shares of the stock in a transaction on Friday, November 6th. The shares were sold at an average price of $146.71, for a total value of $1,228,696.25. Following the transaction, the senior vice president now directly owns 17,926 shares in the company, valued at $2,629,923.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,794 shares of company stock worth $8,500,206. Company insiders own 0.40% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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