Skyworks Solutions, Inc. (SWKS) Shares Sold by RPg Family Wealth Advisory LLC
RPg Family Wealth Advisory LLC reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,357 shares of the semiconductor manufacturer’s stock after selling 10,156 shares during the quarter. Skyworks Solutions comprises approximately 3.3% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 11th biggest holding. RPg Family Wealth Advisory LLC’s holdings in Skyworks Solutions were worth $4,010,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of SWKS. Financial Engines Advisors L.L.C. purchased a new stake in shares of Skyworks Solutions in the third quarter valued at $126,000. WFG Advisors LP lifted its position in shares of Skyworks Solutions by 14.8% in the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after acquiring an additional 171 shares in the last quarter. Sun Life Financial INC lifted its position in shares of Skyworks Solutions by 551.5% in the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after acquiring an additional 1,136 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Skyworks Solutions in the second quarter valued at $202,000. Finally, Round Table Services LLC purchased a new stake in shares of Skyworks Solutions in the third quarter valued at $204,000. Institutional investors and hedge funds own 80.00% of the company’s stock.
In other Skyworks Solutions news, VP Laura A. Gasparini sold 12,132 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $110.53, for a total transaction of $1,340,949.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Liam Griffin sold 2,610 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total value of $260,947.80. Following the transaction, the insider now directly owns 50,408 shares in the company, valued at approximately $5,039,791.84. The disclosure for this sale can be found here. Insiders sold 120,094 shares of company stock valued at $13,065,904 in the last three months. 0.49% of the stock is currently owned by company insiders.
Shares of Skyworks Solutions, Inc. (SWKS) traded down $1.41 on Wednesday, reaching $108.84. The company had a trading volume of 700,279 shares, compared to its average volume of 1,987,319. The stock has a market capitalization of $20,172.83, a P/E ratio of 18.24, a P/E/G ratio of 1.09 and a beta of 0.90. Skyworks Solutions, Inc. has a 1 year low of $71.65 and a 1 year high of $117.65.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s dividend payout ratio is currently 23.66%.
SWKS has been the topic of several recent research reports. B. Riley restated a “buy” rating and issued a $131.00 price objective on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Monday, August 28th. Vetr upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 target price for the company in a research note on Tuesday, August 29th. Barclays PLC upped their target price on Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of Skyworks Solutions in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $115.68.
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Skyworks Solutions 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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