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

Keudell Morrison Wealth Management lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its stake in Skyworks Solutions by 4.0% in the second quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer’s stock valued at $239,000 after acquiring an additional 87 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Skyworks Solutions by 14.8% in the 2nd quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer’s stock valued at $83,000 after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Skyworks Solutions by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer’s stock worth $1,468,000 after purchasing an additional 100 shares during the last quarter. Zega Financial LLC grew its stake in shares of Skyworks Solutions by 5.0% during the second quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer’s stock worth $224,000 after purchasing an additional 100 shares during the period. Finally, Elo Mutual Pension Insurance Co increased its holdings in Skyworks Solutions by 0.7% in the second quarter. Elo Mutual Pension Insurance Co now owns 14,722 shares of the semiconductor manufacturer’s stock valued at $1,569,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares in the company, valued at $3,793,589.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,341 shares of company stock worth $2,142,110. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen raised their target price on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a report 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. Stifel Nicolaus upped their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Rosenblatt Securities increased their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and an average target price of $110.20.

Skyworks Solutions Stock Up 0.7 %

Shares of SWKS stock traded up $0.67 during trading on Thursday, reaching $91.14. The company’s stock had a trading volume of 134,090 shares, compared to its average volume of 2,345,012. Skyworks Solutions, Inc. has a one year low of $86.21 and a one year high of $120.86. The business has a fifty day moving average price of $97.64 and a 200-day moving average price of $100.96. The company has a market cap of $14.56 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 3.99 and a beta of 1.21. 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 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.