Winslow Asset Management Inc. cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,387 shares of the semiconductor manufacturer’s stock after selling 2,101 shares during the quarter. Skyworks Solutions accounts for 2.4% of Winslow Asset Management Inc.’s holdings, making the stock its 9th largest position. Winslow Asset Management Inc.’s holdings in Skyworks Solutions were worth $12,950,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Crow Point Partners LLC bought a new position in Skyworks Solutions in the fourth quarter valued at approximately $379,000. Union Bankshares Corp bought a new position in Skyworks Solutions in the fourth quarter valued at approximately $1,912,000. Chesley Taft & Associates LLC increased its stake in Skyworks Solutions by 4.3% in the fourth quarter. Chesley Taft & Associates LLC now owns 15,990 shares of the semiconductor manufacturer’s stock valued at $1,518,000 after acquiring an additional 660 shares during the last quarter. Polianta Ltd increased its stake in Skyworks Solutions by 8.8% in the fourth quarter. Polianta Ltd now owns 12,300 shares of the semiconductor manufacturer’s stock valued at $1,167,000 after acquiring an additional 1,000 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new position in Skyworks Solutions in the fourth quarter valued at approximately $940,000. 81.55% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on SWKS shares. Zacks Investment Research raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Morgan Stanley lifted their price objective on shares of Skyworks Solutions from $86.00 to $88.00 and gave the company an “underweight” rating in a research note on Wednesday, December 13th. Drexel Hamilton reissued a “buy” rating and issued a $128.00 price objective (up from $120.00) on shares of Skyworks Solutions in a research note on Tuesday, November 7th. BidaskClub cut shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Finally, B. Riley reissued a “buy” rating and issued a $131.00 price objective on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $116.09.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st were issued a dividend of $0.32 per share. The ex-dividend date was Monday, November 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.28%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 23.66%.
In other news, CEO Liam Griffin sold 12,141 shares of Skyworks Solutions stock in a transaction on Friday, November 10th. The shares were sold at an average price of $110.95, for a total transaction of $1,347,043.95. Following the transaction, the chief executive officer now owns 49,514 shares in the company, valued at $5,493,578.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Carlos S. Bori sold 3,083 shares of Skyworks Solutions stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $98.00, for a total transaction of $302,134.00. Following the transaction, the senior vice president now owns 12,455 shares in the company, valued at approximately $1,220,590. The disclosure for this sale can be found here. In the last quarter, insiders have sold 161,864 shares of company stock worth $17,246,539. 0.49% of the stock is owned by company insiders.
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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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