KBC Group NV boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 72.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,004 shares of the semiconductor manufacturer’s stock after purchasing an additional 14,685 shares during the period. KBC Group NV’s holdings in Skyworks Solutions were worth $3,567,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Girard Partners LTD. grew its holdings in Skyworks Solutions by 0.3% during the 2nd quarter. Girard Partners LTD. now owns 5,819 shares of the semiconductor manufacturer’s stock worth $558,000 after acquiring an additional 16 shares in the last quarter. Cadence Capital Management LLC grew its holdings in Skyworks Solutions by 0.3% during the 2nd quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock worth $738,000 after acquiring an additional 21 shares in the last quarter. Montag A & Associates Inc. grew its holdings in Skyworks Solutions by 0.5% during the 2nd quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock worth $874,000 after acquiring an additional 41 shares in the last quarter. Krilogy Financial LLC grew its holdings in Skyworks Solutions by 1.9% during the 2nd quarter. Krilogy Financial LLC now owns 2,726 shares of the semiconductor manufacturer’s stock worth $262,000 after acquiring an additional 50 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in Skyworks Solutions by 2.9% during the 2nd quarter. Stephens Inc. AR now owns 3,456 shares of the semiconductor manufacturer’s stock worth $332,000 after acquiring an additional 98 shares in the last quarter. 81.94% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $96.28 on Friday. The firm has a market cap of $17,763.99, a P/E ratio of 16.06, a PEG ratio of 0.96 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 announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 23.66%.

SWKS has been the subject of several recent analyst reports. Citigroup raised shares of Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price objective for the company in a 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 price objective for the company in a 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 price target for the company in a report on Monday, August 28th. Cowen lifted their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Tuesday, October 10th. Finally, Barclays lifted their price target on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $115.72.

In related news, SVP Carlos S. Bori sold 2,151 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $107.20, for a total transaction of $230,587.20. Following the transaction, the senior vice president now directly owns 9,372 shares of the company’s stock, valued at $1,004,678.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Liam Griffin sold 12,141 shares of the business’s stock in a transaction that occurred 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 directly owns 49,514 shares in the company, valued at $5,493,578.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 150,275 shares of company stock worth $16,223,522. 0.49% of the stock is currently owned by insiders.

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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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