Janney Montgomery Scott LLC Sells 579 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Janney Montgomery Scott LLC lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 139,734 shares of the semiconductor manufacturer’s stock after selling 579 shares during the period. Janney Montgomery Scott LLC’s holdings in Skyworks Solutions were worth $13,802,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC bought a new position in Skyworks Solutions during the second quarter valued at approximately $27,000. Innealta Capital LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter valued at $27,000. Blue Trust Inc. boosted its stake in shares of Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the last quarter. Matrix Trust Co bought a new stake in shares of Skyworks Solutions in the third quarter worth $39,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Skyworks Solutions by 147.7% in the first quarter. EverSource Wealth Advisors LLC now owns 602 shares of the semiconductor manufacturer’s stock valued at $64,000 after acquiring an additional 359 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SWKS has been the subject of a number of recent research reports. B. Riley cut their price target on Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Bank of America upped their target price on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Craig Hallum lifted their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research note 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 note on Wednesday, July 31st. Finally, Susquehanna lowered their target price on Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $110.20.

Skyworks Solutions Stock Up 2.1 %

Shares of SWKS stock opened at $90.47 on Thursday. The company’s fifty day simple moving average is $97.97 and its two-hundred day simple moving average is $101.03. Skyworks Solutions, Inc. has a 52 week low of $86.21 and a 52 week high of $120.86. The stock has a market cap of $14.45 billion, a P/E ratio of 18.50, a PEG ratio of 3.99 and a beta of 1.21. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16.

Insider Transactions 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 filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Carlos S. Bori sold 10,177 shares of the company’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 sale, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction dated 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 transaction, the senior vice president now owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,341 shares of company stock valued at $2,142,110. 0.35% of the stock is currently owned by insiders.

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.