Platinum Investment Management Ltd. Grows Holdings in Skyworks Solutions, Inc. (SWKS)

Platinum Investment Management Ltd. raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,108,860 shares of the semiconductor manufacturer’s stock after buying an additional 3,300 shares during the quarter. Skyworks Solutions accounts for about 2.9% of Platinum Investment Management Ltd.’s holdings, making the stock its 14th biggest position. Platinum Investment Management Ltd. owned approximately 0.60% of Skyworks Solutions worth $112,992,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in SWKS. Strs Ohio increased its stake in Skyworks Solutions by 36.3% in the 2nd quarter. Strs Ohio now owns 9,011 shares of the semiconductor manufacturer’s stock valued at $864,000 after buying an additional 2,399 shares during the period. Janney Montgomery Scott LLC increased its stake in Skyworks Solutions by 9.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 18,940 shares of the semiconductor manufacturer’s stock valued at $1,817,000 after buying an additional 1,586 shares during the period. Daiwa Securities Group Inc. increased its stake in Skyworks Solutions by 84.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 9,400 shares of the semiconductor manufacturer’s stock valued at $902,000 after buying an additional 4,300 shares during the period. Sei Investments Co. increased its stake in Skyworks Solutions by 5.1% in the 2nd quarter. Sei Investments Co. now owns 123,873 shares of the semiconductor manufacturer’s stock valued at $11,886,000 after buying an additional 6,016 shares during the period. Finally, Stratos Wealth Partners LTD. increased its stake in Skyworks Solutions by 9.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,068 shares of the semiconductor manufacturer’s stock valued at $390,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 81.94% of the company’s stock.

Shares of Skyworks Solutions, Inc. (SWKS) opened at $97.60 on Wednesday. The stock has a market cap of $18,054.30, a price-to-earnings ratio of 16.32, a P/E/G ratio of 0.97 and a beta of 0.84. Skyworks Solutions, Inc. has a 1-year low of $73.94 and a 1-year high of $117.65.

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s dividend payout ratio is currently 23.66%.

In related news, Chairman David J. Aldrich sold 45,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $110.08, for a total transaction of $4,953,600.00. Following the completion of the sale, the chairman now directly owns 184,842 shares of the company’s stock, valued at approximately $20,347,407.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Carlos S. Bori sold 4,377 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $108.30, for a total transaction of $474,029.10. Following the sale, the senior vice president now directly owns 17,645 shares of the company’s stock, valued at $1,910,953.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,925 shares of company stock valued at $14,829,665. 0.49% of the stock is owned by insiders.

Several analysts have commented on SWKS shares. Citigroup raised shares of Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Tuesday, September 5th. Vetr raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 target price for the company in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Monday, August 28th. Cowen boosted their target price on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 10th. Finally, Barclays boosted their target price on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target 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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