Diversified Trust Co cut its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 18.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,047 shares of the semiconductor manufacturer’s stock after selling 4,345 shares during the period. Diversified Trust Co’s holdings in Skyworks Solutions were worth $1,866,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Navellier & Associates Inc bought a new stake in Skyworks Solutions during the third quarter valued at approximately $221,000. Dearborn Partners LLC bought a new stake in Skyworks Solutions during the third quarter valued at approximately $202,000. CENTRAL TRUST Co increased its stake in Skyworks Solutions by 77.4% in the third quarter. CENTRAL TRUST Co now owns 18,981 shares of the semiconductor manufacturer’s stock valued at $1,445,000 after buying an additional 8,281 shares during the last quarter. Oakworth Capital Inc. increased its stake in Skyworks Solutions by 19.2% in the third quarter. Oakworth Capital Inc. now owns 66,508 shares of the semiconductor manufacturer’s stock valued at $5,064,000 after buying an additional 10,724 shares during the last quarter. Finally, Orinda Asset Management LLC bought a new stake in Skyworks Solutions during the third quarter valued at approximately $159,000. 82.29% of the stock is owned by institutional investors.
Shares of Skyworks Solutions Inc (NASDAQ:SWKS) traded down 0.03% during mid-day trading on Friday, hitting $101.60. The stock had a trading volume of 1,530,427 shares. The stock has a market cap of $18.79 billion, a P/E ratio of 21.50 and a beta of 0.88. Skyworks Solutions Inc has a 12 month low of $57.11 and a 12 month high of $102.64. The firm has a 50 day moving average price of $98.01 and a 200-day moving average price of $85.52.
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Several equities research analysts have recently commented on SWKS shares. Vetr downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $86.72 price objective for the company. in a report on Tuesday, December 27th. Goldman Sachs Group Inc downgraded Skyworks Solutions from a “buy” rating to a “neutral” rating in a report on Thursday, January 12th. B. Riley reaffirmed a “buy” rating and set a $94.00 price target on shares of Skyworks Solutions in a report on Tuesday, January 17th. Brean Capital reaffirmed a “buy” rating and set a $85.00 price target on shares of Skyworks Solutions in a report on Wednesday, January 18th. Finally, Mizuho raised their price target on Skyworks Solutions from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, January 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $96.21.
In other news, insider David J. Aldrich sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $91.25, for a total value of $5,018,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter L. Gammel sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $97.92, for a total value of $146,880.00. Following the completion of the transaction, the insider now owns 17,605 shares of the company’s stock, valued at approximately $1,723,881.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,950 shares of company stock valued at $5,481,064. Company insiders own 0.62% of the company’s stock.
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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