Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Holdings in Skyworks Solutions, Inc. (SWKS)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,807 shares of the semiconductor manufacturer’s stock after buying an additional 748 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Skyworks Solutions were worth $2,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Skyworks Solutions by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock valued at $1,758,380,000 after purchasing an additional 502,995 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Skyworks Solutions by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,652,096 shares of the semiconductor manufacturer’s stock valued at $254,468,000 after purchasing an additional 95,860 shares during the period. Old Mutual Global Investors UK Ltd. raised its stake in shares of Skyworks Solutions by 27.9% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock valued at $170,262,000 after purchasing an additional 364,933 shares during the period. Voya Investment Management LLC raised its stake in shares of Skyworks Solutions by 953.8% during the 2nd quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock valued at $123,813,000 after purchasing an additional 1,167,942 shares during the period. Finally, APG Asset Management N.V. raised its stake in shares of Skyworks Solutions by 23.9% during the 3rd quarter. APG Asset Management N.V. now owns 1,286,939 shares of the semiconductor manufacturer’s stock valued at $131,139,000 after purchasing an additional 248,200 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.

In other news, insider Liam Griffin sold 2,610 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total value of $260,947.80. Following the completion of the transaction, the insider now owns 50,408 shares of the company’s stock, valued at approximately $5,039,791.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 4,377 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $108.30, for a total value of $474,029.10. Following the completion of the transaction, the senior vice president now directly owns 17,645 shares of the company’s stock, valued at approximately $1,910,953.50. The disclosure for this sale can be found here. Insiders sold a total of 120,094 shares of company stock valued at $13,065,904 in the last three months. Corporate insiders own 0.49% of the company’s stock.

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Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $110.57 on Tuesday. Skyworks Solutions, Inc. has a 52-week low of $71.65 and a 52-week high of $117.65. The stock has a market capitalization of $20,210.00, a P/E ratio of 18.27, a PEG ratio of 1.08 and a beta of 0.90.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s dividend payout ratio is currently 23.66%.

A number of analysts recently issued reports on the company. Vetr upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $118.57 price objective on the stock in a research note on Tuesday, November 7th. Barclays PLC boosted their price objective on Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. DA Davidson reiterated a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Northland Securities restated a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $115.68.

Skyworks Solutions Company Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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