Sheets Smith Wealth Management Sells 3,183 Shares of Skyworks Solutions, Inc. (SWKS)

Sheets Smith Wealth Management decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,175 shares of the semiconductor manufacturer’s stock after selling 3,183 shares during the quarter. Sheets Smith Wealth Management’s holdings in Skyworks Solutions were worth $1,821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in Skyworks Solutions by 69.2% during the third quarter. Van ECK Associates Corp now owns 307,568 shares of the semiconductor manufacturer’s stock valued at $31,341,000 after purchasing an additional 125,792 shares in the last quarter. Pinebridge Investments L.P. boosted its position in Skyworks Solutions by 88.2% during the third quarter. Pinebridge Investments L.P. now owns 108,618 shares of the semiconductor manufacturer’s stock valued at $11,069,000 after purchasing an additional 50,898 shares in the last quarter. Union Bankshares Corp bought a new stake in Skyworks Solutions during the fourth quarter valued at about $1,912,000. First Interstate Bank boosted its position in Skyworks Solutions by 6.3% during the third quarter. First Interstate Bank now owns 79,681 shares of the semiconductor manufacturer’s stock valued at $8,120,000 after purchasing an additional 4,740 shares in the last quarter. Finally, Systematic Financial Management LP bought a new stake in Skyworks Solutions during the third quarter valued at about $1,140,000. 81.55% of the stock is currently owned by institutional investors and hedge funds.

In other Skyworks Solutions news, SVP Robert John Terry sold 7,986 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $110.32, for a total value of $881,015.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Liam Griffin sold 12,141 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $110.95, for a total value of $1,347,043.95. Following the completion of the transaction, the chief executive officer now owns 49,514 shares of the company’s stock, valued at $5,493,578.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 161,864 shares of company stock valued at $17,246,539. 0.49% of the stock is currently owned by company insiders.

A number of equities research analysts recently weighed in on SWKS shares. KeyCorp reaffirmed an “overweight” rating on shares of Skyworks Solutions in a research report on Thursday, September 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price objective on shares of Skyworks Solutions in a research report on Sunday, September 17th. Vetr downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and set a $112.42 price objective on the stock. in a research report on Monday, September 18th. Zacks Investment Research downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Skyworks Solutions in a research report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $116.09.

Skyworks Solutions, Inc. (SWKS) traded up $1.29 during trading on Friday, reaching $101.21. The company’s stock had a trading volume of 1,751,042 shares, compared to its average volume of 1,948,800. Skyworks Solutions, Inc. has a 52 week low of $76.49 and a 52 week high of $117.65. The stock has a market capitalization of $18,600.00, a PE ratio of 18.71, a PEG ratio of 1.01 and a beta of 0.83.

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Skyworks Solutions 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.

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

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