Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 237,047 shares of the semiconductor manufacturer’s stock after acquiring an additional 18,625 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Skyworks Solutions were worth $23,413,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Fort L.P. bought a new stake in Skyworks Solutions in the 3rd quarter valued at about $211,000. Van ECK Associates Corp increased its stake in shares of Skyworks Solutions by 25.3% in the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock valued at $152,915,000 after purchasing an additional 325,672 shares during the period. Confluence Wealth Services Inc. acquired a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $220,000. F M Investments LLC bought a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $200,000. Finally, US Bancorp DE boosted its position in shares of Skyworks Solutions by 3.7% during the third quarter. US Bancorp DE now owns 48,302 shares of the semiconductor manufacturer’s stock worth $4,771,000 after buying an additional 1,705 shares during the period. Institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the sale, the senior vice president now owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Reza Kasnavi sold 1,843 shares of the 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 sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,341 shares of company stock valued at $2,142,110. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on SWKS. Bank of America raised their target price on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. B. Riley reduced their price objective on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Rosenblatt Securities raised their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $110.20.

Skyworks Solutions Trading Up 0.7 %

Shares of NASDAQ SWKS opened at $88.58 on Wednesday. The business has a fifty day simple moving average of $98.35 and a 200-day simple moving average of $101.08. The company has a market cap of $14.15 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 4.03 and a beta of 1.21. Skyworks Solutions, Inc. has a 12 month low of $86.21 and a 12 month high of $120.86. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16.

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.