Winslow Asset Management Inc. Has $8.69 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Winslow Asset Management Inc. increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,937 shares of the semiconductor manufacturer’s stock after acquiring an additional 969 shares during the quarter. Skyworks Solutions comprises 1.6% of Winslow Asset Management Inc.’s holdings, making the stock its 22nd largest holding. Winslow Asset Management Inc.’s holdings in Skyworks Solutions were worth $8,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SWKS. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Skyworks Solutions by 2.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 440,559 shares of the semiconductor manufacturer’s stock valued at $43,514,000 after buying an additional 11,182 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $380,000. Apollon Wealth Management LLC boosted its position in shares of Skyworks Solutions by 20.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 3,003 shares of the semiconductor manufacturer’s stock valued at $297,000 after purchasing an additional 506 shares in the last quarter. WCM Investment Management LLC grew its stake in Skyworks Solutions by 287.3% during the third quarter. WCM Investment Management LLC now owns 11,491 shares of the semiconductor manufacturer’s stock worth $1,136,000 after purchasing an additional 8,524 shares during the period. Finally, Versor Investments LP increased its holdings in Skyworks Solutions by 115.3% in the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock worth $1,966,000 after purchasing an additional 10,658 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Down 1.3 %

SWKS opened at $87.98 on Tuesday. Skyworks Solutions, Inc. has a fifty-two week low of $86.65 and a fifty-two week high of $120.86. The firm has a market capitalization of $14.05 billion, a P/E ratio of 18.14, a PEG ratio of 4.05 and a beta of 1.21. The company’s 50-day moving average is $96.47 and its 200 day moving average is $100.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SWKS. Craig Hallum increased their price target on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. B. Riley reduced their price target on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Loop Capital began coverage on shares of Skyworks Solutions in a report on Monday. They set a “hold” rating and a $90.00 price objective on the stock. Piper Sandler reduced their target price on Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $108.94.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the sale, the senior vice president now owns 37,203 shares in the company, 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 filing with the SEC, which is accessible through this link. Also, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares in the company, 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. In the last 90 days, insiders sold 21,341 shares of company stock worth $2,142,110. Insiders own 0.34% of the company’s stock.

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.