Warren Averett Asset Management LLC boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 208.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,150 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,832 shares during the period. Warren Averett Asset Management LLC’s holdings in Skyworks Solutions were worth $729,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Winslow Evans & Crocker Inc. lifted its stake in Skyworks Solutions by 3.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after purchasing an additional 35 shares during the period. WFG Advisors LP lifted its stake in Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after purchasing an additional 171 shares during the period. Sun Life Financial INC lifted its stake in Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after purchasing an additional 1,136 shares during the period. Dubuque Bank & Trust Co. bought a new position in Skyworks Solutions during the second quarter worth about $182,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Skyworks Solutions during the second quarter worth about $202,000. Hedge funds and other institutional investors own 80.94% of the company’s stock.
A number of research analysts have commented on the stock. Craig Hallum raised their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Barclays PLC raised their price target on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Canaccord Genuity restated a “buy” rating and set a $117.00 price target (up previously from $115.00) on shares of Skyworks Solutions in a research note on Saturday, July 22nd. Vetr cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $112.42 price target for the company. in a research note on Monday, September 18th. Finally, Northland Securities restated a “buy” rating and set a $115.00 price target on shares of Skyworks Solutions in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $112.50.
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In related news, insider Liam Griffin sold 2,610 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total transaction of $260,947.80. Following the transaction, the insider now directly owns 50,408 shares of the company’s stock, valued at $5,039,791.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christine King sold 3,705 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following the transaction, the director now directly owns 16,641 shares in the company, valued at $1,777,591.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,173 shares of company stock worth $2,072,726. 0.49% of the stock is owned by insiders.
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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