Texas Permanent School Fund lessened its position in Skyworks Solutions Inc (NASDAQ:SWKS) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 31,983 shares of the semiconductor manufacturer’s stock after selling 1,321 shares during the period. Texas Permanent School Fund’s holdings in Skyworks Solutions were worth $2,535,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Mechanics Bank Trust Department acquired a new stake in Skyworks Solutions in the third quarter valued at approximately $25,000. Squar Milner Financial Services LLC grew its stake in Skyworks Solutions by 492.6% in the third quarter. Squar Milner Financial Services LLC now owns 320 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 266 shares during the period. Next Capital Management LLC grew its stake in Skyworks Solutions by 118.7% in the second quarter. Next Capital Management LLC now owns 339 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 184 shares during the period. Cribstone Capital Management LLC acquired a new stake in Skyworks Solutions in the second quarter valued at approximately $37,000. Finally, Stonebridge Capital Advisors LLC acquired a new stake in Skyworks Solutions in the second quarter valued at approximately $37,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

SWKS has been the subject of a number of research reports. Benchmark initiated coverage on Skyworks Solutions in a research note on Friday, September 20th. They issued a “buy” rating and a $94.00 price objective for the company. Cowen raised Skyworks Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $80.00 to $95.00 in a research note on Thursday, October 10th. BidaskClub raised Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. ValuEngine raised Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets reduced their price objective on Skyworks Solutions from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $89.31.

In related news, CEO Liam Griffin sold 5,000 shares of Skyworks Solutions stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $90.59, for a total transaction of $452,950.00. Following the sale, the chief executive officer now directly owns 70,320 shares in the company, valued at $6,370,288.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David J. Aldrich sold 999 shares of Skyworks Solutions stock in a transaction on Friday, August 16th. The stock was sold at an average price of $76.45, for a total value of $76,373.55. Following the sale, the director now owns 204,031 shares in the company, valued at $15,598,169.95. The disclosure for this sale can be found here. Insiders have sold 15,002 shares of company stock worth $1,282,604 over the last quarter. 0.64% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:SWKS opened at $98.64 on Friday. The business’s 50 day moving average is $85.88 and its 200 day moving average is $80.09. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 2.07 and a beta of 1.06. Skyworks Solutions Inc has a 12-month low of $60.12 and a 12-month high of $99.95.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.14. The business had revenue of $767.00 million for the quarter, compared to analyst estimates of $767.71 million. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. Skyworks Solutions’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period last year, the company posted $1.64 earnings per share. As a group, analysts anticipate that Skyworks Solutions Inc will post 5.72 earnings per share for the current year.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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