Keudell Morrison Wealth Management Sells 274 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Keudell Morrison Wealth Management cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.4% during the third quarter, Holdings Channel reports. The fund owned 4,804 shares of the semiconductor manufacturer’s stock after selling 274 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Skyworks Solutions were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SWKS. Rothschild Investment LLC bought a new position in shares of Skyworks Solutions in the second quarter valued at about $27,000. Innealta Capital LLC acquired a new position in Skyworks Solutions in the 2nd quarter valued at about $27,000. Blue Trust Inc. grew its stake in Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after buying an additional 149 shares during the last quarter. Matrix Trust Co bought a new position in Skyworks Solutions in the 3rd quarter valued at about $39,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Skyworks Solutions during the third quarter worth approximately $49,000. Institutional investors own 85.43% of the company’s stock.

Insider Activity

In related news, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the sale, the senior vice president now directly owns 17,455 shares in the company, valued at $1,875,888.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,341 shares of company stock worth $2,142,110. Insiders own 0.35% of the company’s stock.

Skyworks Solutions Price Performance

SWKS traded up $0.67 during trading on Thursday, hitting $91.14. 134,090 shares of the stock traded hands, compared to its average volume of 2,345,012. The business has a 50 day moving average price of $97.64 and a 200 day moving average price of $100.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. Skyworks Solutions, Inc. has a twelve month low of $86.21 and a twelve month high of $120.86. The company has a market cap of $14.56 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 3.99 and a beta of 1.21.

Analysts Set New Price Targets

Several research firms have recently commented on SWKS. B. Riley decreased their target price on Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. The Goldman Sachs Group raised Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Rosenblatt Securities increased their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and an average price target of $110.20.

Skyworks Solutions 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.