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.
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.
TRADEMARK VIOLATION NOTICE: This news story was first reported by WKRB News and is the property of of WKRB News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.wkrb13.com/2018/11/07/d-b-root-company-llc-has-348000-holdings-in-skyworks-solutions-inc-swks.html.
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.
See Also: What is a capital gain?
Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions Inc (NASDAQ:SWKS).
Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.