D.B. Root & Company LLC Has $348,000 Holdings in Skyworks Solutions Inc (SWKS)

D.B. Root & Company LLC lowered its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 41.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,835 shares of the semiconductor manufacturer’s stock after selling 2,705 shares during the quarter. D.B. Root & Company LLC’s holdings in Skyworks Solutions were worth $348,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Kiwi Wealth Investments Limited Partnership purchased a new position in Skyworks Solutions during the 2nd quarter worth $3,486,000. Centaurus Financial Inc. acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth $147,000. grace capital acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth $435,000. Midas Management Corp grew its stake in shares of Skyworks Solutions by 16.7% during the 3rd quarter. Midas Management Corp now owns 31,500 shares of the semiconductor manufacturer’s stock worth $2,857,000 after purchasing an additional 4,500 shares during the period. Finally, Hammer Asset Management LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth $2,606,000. Institutional investors own 80.71% of the company’s stock.

A number of equities analysts have recently weighed in on SWKS shares. ValuEngine cut shares of Skyworks Solutions from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 12th. Morgan Stanley lowered their price target on shares of Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a research note on Monday, August 6th. BidaskClub raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Zacks Investment Research cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $118.00 price target on shares of Skyworks Solutions in a research note on Tuesday, August 7th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $114.10.

In related news, Director David J. Aldrich sold 3,000 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $88.78, for a total value of $266,340.00. Following the sale, the director now directly owns 145,252 shares of the company’s stock, valued at approximately $12,895,472.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David J. Aldrich sold 10,000 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $93.03, for a total transaction of $930,300.00. Following the completion of the sale, the director now directly owns 152,252 shares in the company, valued at $14,164,003.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,500 shares of company stock worth $4,056,350. 0.47% of the stock is owned by corporate insiders.

Shares of NASDAQ SWKS opened at $82.64 on Wednesday. The stock has a market capitalization of $15.26 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 0.85 and a beta of 0.64. Skyworks Solutions Inc has a 52 week low of $79.27 and a 52 week high of $115.98.

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About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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