Olympiad Research LP Purchases 2,643 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Olympiad Research LP lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 48.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,063 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,643 shares during the quarter. Olympiad Research LP’s holdings in Skyworks Solutions were worth $796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Skyworks Solutions by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 200,873 shares of the semiconductor manufacturer’s stock worth $19,840,000 after buying an additional 6,302 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Skyworks Solutions in the third quarter valued at about $49,000. QRG Capital Management Inc. increased its holdings in shares of Skyworks Solutions by 1.3% in the third quarter. QRG Capital Management Inc. now owns 21,976 shares of the semiconductor manufacturer’s stock worth $2,171,000 after acquiring an additional 280 shares in the last quarter. National Pension Service raised its position in shares of Skyworks Solutions by 1.0% during the third quarter. National Pension Service now owns 371,614 shares of the semiconductor manufacturer’s stock worth $36,704,000 after purchasing an additional 3,628 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Skyworks Solutions by 8.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 237,047 shares of the semiconductor manufacturer’s stock valued at $23,413,000 after purchasing an additional 18,625 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Insider Activity at Skyworks Solutions

In related news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the sale, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,341 shares of company stock valued at $2,142,110. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Robert W. Baird increased their target price on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. B. Riley lowered their price objective on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Barclays lowered shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $115.00 to $87.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Bank of America lifted their price target on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $110.20.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $90.47 on Thursday. The stock has a 50 day moving average price of $97.64 and a 200 day moving average price of $100.96. Skyworks Solutions, Inc. has a 52 week low of $86.21 and a 52 week high of $120.86. 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 stock has a market capitalization of $14.45 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 3.99 and a beta of 1.21.

Skyworks Solutions 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.