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.
Shares of Skyworks Solutions, Inc. (SWKS) opened at $94.63 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $73.94 and a fifty-two week high of $117.65. The firm has a market capitalization of $17,390.00, a price-to-earnings ratio of 15.92, a P/E/G ratio of 0.95 and a beta of 0.84.
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.
WARNING: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/skyworks-solutions-inc-swks-holdings-reduced-by-cetera-investment-advisers/1767317.html.
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.
Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with Analyst Ratings Network's FREE daily email newsletter.