F M Investments LLC Acquires Shares of 2,024 Skyworks Solutions, Inc. (NASDAQ:SWKS)

F M Investments LLC acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,024 shares of the semiconductor manufacturer’s stock, valued at approximately $200,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Skyworks Solutions by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after buying an additional 745,374 shares in the last quarter. Vulcan Value Partners LLC boosted its holdings in shares of Skyworks Solutions by 38.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock worth $481,552,000 after acquiring an additional 1,262,964 shares in the last quarter. Pzena Investment Management LLC grew its position in Skyworks Solutions by 19.3% during the 2nd quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer’s stock worth $435,943,000 after acquiring an additional 661,144 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Skyworks Solutions by 54.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock valued at $370,768,000 after purchasing an additional 1,233,618 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Skyworks Solutions by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,998,480 shares of the semiconductor manufacturer’s stock valued at $212,993,000 after purchasing an additional 190,000 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SWKS has been the subject of a number of research reports. Piper Sandler lowered their target price on Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Craig Hallum boosted their target price on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. TD Cowen upped their target price on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Robert W. Baird raised their price target on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group raised Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $110.20.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the business’s 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 transaction, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction that occurred 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 transaction, the senior vice president now owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,341 shares of company stock valued at $2,142,110. 0.34% of the stock is owned by company insiders.

Skyworks Solutions Trading Up 1.5 %

SWKS opened at $88.91 on Monday. The firm’s fifty day moving average is $98.74 and its two-hundred day moving average is $101.13. The firm has a market cap of $14.20 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 3.97 and a beta of 1.21. Skyworks Solutions, Inc. has a twelve month low of $85.74 and a twelve month high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75.

About Skyworks Solutions

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.