Strategic Investment Advisors MI Invests $424,000 in Skyworks Solutions, Inc. (NASDAQ:SWKS)


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Strategic Investment Advisors MI acquired a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,772 shares of the semiconductor manufacturer’s stock, valued at approximately $424,000.

Several other institutional investors also recently made changes to their positions in the company. JJJ Advisors Inc. lifted its position in shares of Skyworks Solutions by 810.0% during the 3rd quarter. JJJ Advisors Inc. now owns 182 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 162 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Skyworks Solutions by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in Skyworks Solutions by 76.6% in the second quarter. Orion Portfolio Solutions LLC now owns 272 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 118 shares during the last quarter. Newfound Research LLC bought a new position in Skyworks Solutions in the third quarter valued at about $41,000. Finally, Berman Capital Advisors LLC raised its position in shares of Skyworks Solutions by 46.2% during the third quarter. Berman Capital Advisors LLC now owns 291 shares of the semiconductor manufacturer’s stock worth $41,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 76.89% of the company’s stock.

In other news, CEO Liam Griffin sold 13,800 shares of the firm’s stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $136.69, for a total value of $1,886,322.00. Following the sale, the chief executive officer now directly owns 57,963 shares in the company, valued at approximately $7,922,962.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Karilee A. Durham sold 6,500 shares of the firm’s stock in a transaction on Monday, December 21st. The shares were sold at an average price of $146.41, for a total transaction of $951,665.00. Following the completion of the sale, the senior vice president now owns 15,488 shares in the company, valued at $2,267,598.08. The disclosure for this sale can be found here. Insiders have sold 59,794 shares of company stock valued at $8,500,206 in the last 90 days. Company insiders own 0.40% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Craig Hallum raised their price objective on Skyworks Solutions from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. BMO Capital Markets raised their target price on Skyworks Solutions from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 3rd. Piper Sandler raised their target price on Skyworks Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 29th. Benchmark raised their target price on Skyworks Solutions from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 3rd. Finally, Needham & Company LLC raised their target price on Skyworks Solutions from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, November 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Skyworks Solutions presently has an average rating of “Buy” and an average target price of $153.24.

SWKS opened at $157.89 on Thursday. The firm has a market cap of $26.22 billion, a P/E ratio of 34.70, a P/E/G ratio of 2.00 and a beta of 1.21. Skyworks Solutions, Inc. has a 12 month low of $67.90 and a 12 month high of $165.99. The stock has a 50-day moving average of $149.34 and a 200 day moving average of $143.23.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Monday, November 2nd. The semiconductor manufacturer reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.33. The company had revenue of $956.60 million during the quarter, compared to analyst estimates of $840.61 million. Skyworks Solutions had a return on equity of 20.73% and a net margin of 24.13%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $1.52 earnings per share. Analysts predict that Skyworks Solutions, Inc. will post 4.92 earnings per share for the current year.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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