YHB Investment Advisors Inc. Has $318,000 Stake in Skyworks Solutions, Inc. (SWKS)

YHB Investment Advisors Inc. cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 26.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,120 shares of the semiconductor manufacturer’s stock after selling 1,130 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Skyworks Solutions were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Skyworks Solutions by 2.8% in the second 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 holdings in Skyworks Solutions by 3.8% in the second 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 acquiring an additional 95,860 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its holdings in Skyworks Solutions by 27.9% in the third 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 acquiring an additional 364,933 shares in the last quarter. Voya Investment Management LLC raised its holdings in Skyworks Solutions by 953.8% in the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock valued at $123,813,000 after acquiring an additional 1,167,942 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in Skyworks Solutions by 23.9% in the third quarter. APG Asset Management N.V. now owns 1,286,939 shares of the semiconductor manufacturer’s stock valued at $131,139,000 after acquiring an additional 248,200 shares in the last quarter. Institutional investors and hedge funds own 80.58% of the company’s stock.

SWKS has been the topic of several recent analyst reports. Bank of America Corporation upped their price target on shares of Skyworks Solutions from $120.00 to $125.00 in a report on Tuesday, November 7th. B. Riley reaffirmed a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a report on Monday, July 17th. Vetr cut shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $116.12 price target on the stock. in a report on Monday, July 17th. Craig Hallum upped their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Mizuho upped their price target on shares of Skyworks Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $115.68.

In other news, insider Liam Griffin sold 2,610 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total transaction of $260,947.80. Following the completion of the transaction, the insider now owns 50,408 shares in the company, valued at approximately $5,039,791.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christine King sold 3,705 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the transaction, the director now owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. Insiders sold a total of 20,173 shares of company stock valued at $2,072,726 in the last quarter. 0.49% of the stock is currently owned by insiders.

Shares of Skyworks Solutions, Inc. (SWKS) traded up $0.26 on Monday, reaching $110.67. 433,158 shares of the company were exchanged, compared to its average volume of 2,003,451. The company has a market cap of $20,290.00, a price-to-earnings ratio of 18.34, a PEG ratio of 1.09 and a beta of 0.90. Skyworks Solutions, Inc. has a 12-month low of $71.65 and a 12-month high of $117.65.

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

TRADEMARK VIOLATION NOTICE: This report was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.themarketsdaily.com/2017/11/13/yhb-investment-advisors-inc-has-318000-stake-in-skyworks-solutions-inc-swks.html.

About Skyworks Solutions

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.

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

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

Latest News

Leave a Reply