Venturi Wealth Management LLC Reduces Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Venturi Wealth Management LLC lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,003 shares of the semiconductor manufacturer’s stock after selling 416 shares during the quarter. Venturi Wealth Management LLC’s holdings in Skyworks Solutions were worth $889,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Forsta AP Fonden boosted its stake in Skyworks Solutions by 27.0% during the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock worth $3,674,000 after buying an additional 7,900 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Skyworks Solutions by 73.3% during the first quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock worth $1,740,000 after purchasing an additional 6,795 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Skyworks Solutions by 25.3% during the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock worth $152,915,000 after purchasing an additional 325,672 shares in the last quarter. M&G Plc acquired a new stake in shares of Skyworks Solutions during the second quarter worth about $797,000. Finally, Sei Investments Co. lifted its position in shares of Skyworks Solutions by 49.1% during the first quarter. Sei Investments Co. now owns 179,590 shares of the semiconductor manufacturer’s stock worth $19,451,000 after purchasing an additional 59,145 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Activity at Skyworks Solutions

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

Skyworks Solutions Stock Performance

Shares of SWKS opened at $87.98 on Tuesday. The company’s 50 day simple moving average is $96.47 and its 200-day simple moving average is $100.73. Skyworks Solutions, Inc. has a 12-month low of $86.65 and a 12-month high of $120.86. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The firm has a market cap of $14.05 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 4.05 and a beta of 1.21.

Analysts Set New Price Targets

Several analysts have recently issued reports on SWKS shares. Loop Capital started coverage on shares of Skyworks Solutions in a research report on Monday. They set a “hold” rating and a $90.00 price target on the stock. The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Craig Hallum raised their target price on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $108.94.

About Skyworks Solutions

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.