Triton Wealth Management PLLC boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 17.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,669 shares of the semiconductor manufacturer’s stock after purchasing an additional 396 shares during the period. Triton Wealth Management PLLC’s holdings in Skyworks Solutions were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Ellevest Inc. grew its position in shares of Skyworks Solutions by 84.2% during the 2nd quarter. Ellevest Inc. now owns 1,630 shares of the semiconductor manufacturer’s stock valued at $208,000 after acquiring an additional 745 shares during the period. Clarius Group LLC purchased a new stake in shares of Skyworks Solutions in the 3rd quarter worth about $217,000. Stratos Wealth Partners LTD. lifted its position in shares of Skyworks Solutions by 19.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 5,262 shares of the semiconductor manufacturer’s stock worth $673,000 after purchasing an additional 853 shares during the period. Advisor Group Holdings Inc. purchased a new stake in shares of Skyworks Solutions in the 1st quarter worth about $5,363,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Skyworks Solutions by 17.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 73,609 shares of the semiconductor manufacturer’s stock worth $9,412,000 after purchasing an additional 10,787 shares during the period. 76.89% of the stock is owned by institutional investors and hedge funds.

NASDAQ SWKS traded down $0.23 during trading hours on Friday, hitting $153.15. 1,110,785 shares of the company’s stock traded hands, compared to its average volume of 2,245,185. The business’s fifty day moving average price is $143.05 and its two-hundred day moving average price is $126.18. The firm has a market capitalization of $25.58 billion, a P/E ratio of 33.66, a P/E/G ratio of 2.06 and a beta of 1.23. Skyworks Solutions, Inc. has a 52 week low of $67.90 and a 52 week high of $158.61.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 23rd. The semiconductor manufacturer reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.13. Skyworks Solutions had a net margin of 24.13% and a return on equity of 20.73%. The company had revenue of $736.80 million during the quarter, compared to analyst estimates of $690.06 million. During the same period in the previous year, the business posted $1.35 earnings per share. As a group, equities analysts predict that Skyworks Solutions, Inc. will post 4.91 earnings per share for the current fiscal year.

In other Skyworks Solutions news, Director David J. Aldrich sold 15,100 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $144.42, for a total transaction of $2,180,742.00. Following the transaction, the director now owns 135,226 shares of the company’s stock, valued at $19,529,338.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Liam Griffin sold 2,500 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $142.60, for a total transaction of $356,500.00. Following the transaction, the chief executive officer now directly owns 55,566 shares in the company, valued at approximately $7,923,711.60. The disclosure for this sale can be found here. Insiders have sold 54,225 shares of company stock worth $7,888,152 in the last ninety days. Insiders own 0.40% of the company’s stock.

SWKS has been the subject of several research analyst reports. Charter Equity reaffirmed a “buy” rating on shares of Skyworks Solutions in a research report on Friday, July 24th. Robert W. Baird lifted their price target on shares of Skyworks Solutions from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Benchmark lifted their price target on shares of Skyworks Solutions from $120.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Morgan Stanley lifted their price target on shares of Skyworks Solutions from $124.00 to $131.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Finally, Barclays lifted their price target on shares of Skyworks Solutions from $100.00 to $130.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $140.08.

Skyworks Solutions Company 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, as well as wireless radio integrated circuits.

Recommended Story: What is the LIBOR?

Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS).

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

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.