Skyworks Solutions, Inc. (SWKS) Holdings Reduced by Cetera Investment Advisers
Cetera Investment Advisers reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 61.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,075 shares of the semiconductor manufacturer’s stock after selling 3,372 shares during the period. Cetera Investment Advisers’ holdings in Skyworks Solutions were worth $209,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Financial Engines Advisors L.L.C. purchased a new position in shares of Skyworks Solutions during the third quarter worth approximately $126,000. WFG Advisors LP grew its position in shares of Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after acquiring an additional 171 shares during the last quarter. Sun Life Financial INC grew its position in shares of Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after acquiring an additional 1,136 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Skyworks Solutions during the second quarter worth approximately $202,000. Finally, Round Table Services LLC purchased a new position in shares of Skyworks Solutions during the third quarter worth approximately $204,000. Institutional investors own 81.94% of the company’s stock.
In other Skyworks Solutions news, SVP Carlos S. Bori sold 4,377 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $108.30, for a total value of $474,029.10. Following the completion of the sale, the senior vice president now owns 17,645 shares of the company’s stock, valued at $1,910,953.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 2,151 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $107.20, for a total value of $230,587.20. Following the completion of the sale, the senior vice president now directly owns 9,372 shares of the company’s stock, valued at approximately $1,004,678.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 172,639 shares of company stock valued at $18,360,415. Corporate insiders own 0.49% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Monday, November 20th. Skyworks Solutions’s dividend payout ratio is presently 23.66%.
SWKS has been the topic of a number of research reports. Bank of America raised their target price on shares of Skyworks Solutions from $120.00 to $125.00 in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Monday, August 21st. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Skyworks Solutions in a research report on Sunday, September 17th. Craig Hallum restated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, September 13th. Finally, Instinet initiated coverage on shares of Skyworks Solutions in a research report on Wednesday, September 6th. They set a “buy” rating and a $115.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $116.56.
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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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