Zeke Capital Advisors LLC Invests $297,000 in Skyworks Solutions, Inc. (SWKS) Stock

Zeke Capital Advisors LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,915 shares of the semiconductor manufacturer’s stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Girard Partners LTD. raised its stake in Skyworks Solutions by 0.3% during the second quarter. Girard Partners LTD. now owns 5,819 shares of the semiconductor manufacturer’s stock worth $558,000 after acquiring an additional 16 shares during the period. Cadence Capital Management LLC increased its stake in shares of Skyworks Solutions by 0.3% in the second quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock valued at $738,000 after purchasing an additional 21 shares during the period. Montag A & Associates Inc. increased its stake in shares of Skyworks Solutions by 0.5% in the second quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock valued at $874,000 after purchasing an additional 41 shares during the period. Krilogy Financial LLC increased its stake in shares of Skyworks Solutions by 1.9% in the second quarter. Krilogy Financial LLC now owns 2,726 shares of the semiconductor manufacturer’s stock valued at $262,000 after purchasing an additional 50 shares during the period. Finally, Stephens Inc. AR increased its stake in shares of Skyworks Solutions by 2.9% in the second quarter. Stephens Inc. AR now owns 3,456 shares of the semiconductor manufacturer’s stock valued at $332,000 after purchasing an additional 98 shares during the period. Hedge funds and other institutional investors own 81.94% of the company’s stock.

In related news, VP Laura A. Gasparini sold 12,132 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $110.53, for a total value of $1,340,949.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christine King sold 3,705 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. Insiders have sold 139,630 shares of company stock valued at $15,225,433 over the last 90 days. 0.49% of the stock is currently owned by insiders.

Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) opened at $102.23 on Friday. The firm has a market cap of $18,783.74, a P/E ratio of 16.98, a P/E/G ratio of 1.01 and a beta of 0.85. Skyworks Solutions, Inc. has a 1-year low of $71.65 and a 1-year high of $117.65.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s payout ratio is 23.66%.

Several equities research analysts have commented on SWKS shares. B. Riley restated a “buy” rating and issued a $131.00 price target on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Zacks Investment Research upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Monday, August 28th. Vetr upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 price target on the stock in a research note on Tuesday, August 29th. Barclays increased their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Finally, Craig Hallum reiterated a “buy” rating on shares of Skyworks Solutions in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $115.72.

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Skyworks Solutions Company 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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