Diversified Trust Co lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 27.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,772 shares of the semiconductor manufacturer’s stock after selling 5,275 shares during the period. Diversified Trust Co’s holdings in Skyworks Solutions were worth $1,321,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SWKS. Thrivent Financial for Lutherans increased its position in shares of Skyworks Solutions by 4.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,410 shares of the semiconductor manufacturer’s stock worth $479,000 after buying an additional 260 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Skyworks Solutions by 25.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,144,467 shares of the semiconductor manufacturer’s stock worth $85,447,000 after buying an additional 233,163 shares during the period. USA Financial Portformulas Corp bought a new position in shares of Skyworks Solutions during the fourth quarter worth $1,369,000. Teachers Advisors LLC increased its position in shares of Skyworks Solutions by 24.7% in the fourth quarter. Teachers Advisors LLC now owns 464,483 shares of the semiconductor manufacturer’s stock worth $34,678,000 after buying an additional 92,102 shares during the period. Finally, Kentucky Retirement Systems bought a new position in shares of Skyworks Solutions during the fourth quarter worth $1,007,000. Hedge funds and other institutional investors own 81.27% of the company’s stock.

Skyworks Solutions, Inc. (NASDAQ SWKS) traded up 0.42% during trading on Wednesday, reaching $104.27. 518,107 shares of the company traded hands. The company has a market capitalization of $19.24 billion, a P/E ratio of 21.49 and a beta of 0.81. The firm has a 50-day moving average price of $102.88 and a 200-day moving average price of $97.27. Skyworks Solutions, Inc. has a 52 week low of $62.40 and a 52 week high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, April 27th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. The company had revenue of $851.70 million during the quarter, compared to analysts’ expectations of $840.43 million. Skyworks Solutions had a net margin of 27.27% and a return on equity of 28.00%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 earnings per share. Analysts forecast that Skyworks Solutions, Inc. will post $6.32 earnings per share for the current fiscal year.

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A number of brokerages recently weighed in on SWKS. Vetr downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $110.24 price objective on the stock. in a research report on Wednesday, June 7th. ValuEngine downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Canaccord Genuity increased their price objective on shares of Skyworks Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Craig Hallum increased their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Drexel Hamilton increased their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.93.

In other Skyworks Solutions news, insider David J. Aldrich sold 47,475 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $102.00, for a total transaction of $4,842,450.00. Following the completion of the transaction, the insider now directly owns 191,731 shares in the company, valued at $19,556,562. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert John Terry sold 3,233 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $100.26, for a total transaction of $324,140.58. The disclosure for this sale can be found here. Insiders have sold 93,458 shares of company stock valued at $9,512,091 over the last 90 days. 0.49% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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