Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 25.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,610,645 shares of the semiconductor manufacturer’s stock after acquiring an additional 325,672 shares during the quarter. Van ECK Associates Corp’s holdings in Skyworks Solutions were worth $152,915,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SWKS. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Skyworks Solutions by 10.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 450,917 shares of the semiconductor manufacturer’s stock worth $48,843,000 after acquiring an additional 43,373 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Skyworks Solutions in the 1st quarter valued at $766,000. First Trust Direct Indexing L.P. raised its holdings in shares of Skyworks Solutions by 8.6% in the 1st quarter. First Trust Direct Indexing L.P. now owns 3,766 shares of the semiconductor manufacturer’s stock valued at $408,000 after buying an additional 299 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Skyworks Solutions by 0.7% in the 1st quarter. Retirement Systems of Alabama now owns 35,365 shares of the semiconductor manufacturer’s stock valued at $3,831,000 after buying an additional 237 shares during the period. Finally, Resonant Capital Advisors LLC purchased a new stake in shares of Skyworks Solutions in the 1st quarter valued at $202,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,341 shares of company stock valued at $2,142,110 over the last three months. 0.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Stifel Nicolaus upped their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird upped their target price on Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Piper Sandler decreased their target price on Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, TD Cowen upped their target price on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $109.88.

Skyworks Solutions Trading Up 1.5 %

Shares of SWKS traded up $1.33 during trading hours on Friday, hitting $88.91. The stock had a trading volume of 2,106,410 shares, compared to its average volume of 1,941,196. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The firm has a market cap of $14.20 billion, a P/E ratio of 18.33, a P/E/G ratio of 3.97 and a beta of 1.21. The company’s fifty day simple moving average is $98.74 and its 200 day simple moving average is $101.12. Skyworks Solutions, Inc. has a 12-month low of $85.74 and a 12-month high of $120.86.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, 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, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.