Montrusco Bolton Investments Inc. lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,895 shares of the semiconductor manufacturer’s stock after selling 14,583 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Skyworks Solutions were worth $11,167,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of SWKS. Federated Investors Inc. PA raised its stake in Skyworks Solutions by 24.8% during the 2nd quarter. Federated Investors Inc. PA now owns 12,217 shares of the semiconductor manufacturer’s stock worth $1,172,000 after buying an additional 2,425 shares during the period. Tredje AP fonden raised its stake in shares of Skyworks Solutions by 77.8% in the 2nd quarter. Tredje AP fonden now owns 7,220 shares of the semiconductor manufacturer’s stock valued at $693,000 after purchasing an additional 3,160 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at about $773,000. Martingale Asset Management L P raised its stake in shares of Skyworks Solutions by 1,801.4% in the 2nd quarter. Martingale Asset Management L P now owns 42,153 shares of the semiconductor manufacturer’s stock valued at $4,045,000 after purchasing an additional 39,936 shares during the period. Finally, Stephens Inc. AR raised its stake in shares of Skyworks Solutions by 2.9% in the 2nd 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. 81.55% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Robert John Terry sold 7,986 shares of Skyworks Solutions 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 filing with the SEC, which is available at this link. Also, SVP Carlos S. Bori sold 3,083 shares of Skyworks Solutions stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $98.00, for a total value of $302,134.00. Following the completion of the sale, the senior vice president now directly 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 ninety days, insiders sold 161,864 shares of company stock worth $17,246,539. 0.49% of the stock is owned by company insiders.
Several research firms have issued reports on SWKS. BidaskClub raised Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Zacks Investment Research downgraded Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Skyworks Solutions in a research note on Sunday, September 17th. Canaccord Genuity reissued a “buy” rating and issued a $125.00 price target (up previously from $117.00) on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Finally, Vetr downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $108.40 price target on the stock. in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $116.09.
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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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